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