Finance Ministry sets minimum annual dividend payout norms for NBFC CPSEs

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Finance Ministry sets minimum annual dividend payout norms for NBFC CPSEs - Business Standard

Quick Summary:

Therefore, cash and bank balances for the purpose of buyback, shall mean own cash i.e.cash holdings minus the advances received from clients for project work.

In the current fiscal year, the government has budgeted to collect Rs 56,260 crore as dividend from public sector enterprises, up from Rs 50,000 crore in 2023-24 fiscal.

For assessing the net worth of a CPSE, general reserves and surplus plus paid-up share capital of the CPSE are required to be used,” the latest guidelines said.