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Amid revenue crunch, govt asks CPSEs to pay dividends quaterly
TIWN
Amid revenue crunch, govt asks CPSEs to pay dividends quaterly
PHOTO : TIWN

New Delhi, Nov 15 (TIWN) The Finance Ministry has advised the Central Public Sector Enterprises (CPSEs) which pay higher dividends to pay the dividends every quarter rather than once in a year.

Other CPSEs have been suggested to pay dividends in a half-yearly basis.  The advisory comes at a time when the government is finding it difficult to raise revenue amid the Covid-19 pandemic.  In an advisory to the public sector companies under the Cetral government, the ministry said it has observed that most CPSEs pay interim dividend in February/March.

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