Finance Ministry might increase CPSE dividend goal for FY25 in upcoming full budget

It is expected that the CPSE budget will be increased by Rs 5,000 crore by the Finance Ministry, with a total of around Rs 53,000 crore in the upcoming July budget presentation.

In the current fiscal year, the government has estimated dividends from non-financial central public sector enterprises (CPSEs) at Rs 48,000 crore in the Interim Budget 2024-25.

"The estimates are likely to rise by around Rs 5,000 crore in the final budget to be presented in July," an official told PTI.

The official added that the interim budget estimates are in December 2023 and January 2024, and expectations are higher in the full budget because the images of the sectors are better now.

The government's dividend income in a fiscal year includes the temporary dividends distributed by government entities during the fiscal year, as well as the final dividends for the first fiscal year. So far in the current financial year, the government has received Rs 4,837.25 crore as dividend from the CPSEs.

This amount comprises of Rs 3,443 crore received as a special dividend from Telecommunications Consultants India Limited (TCIL), which is a government-owned company under the Ministry of Telecom.

In the 2023-24 fiscal year, dividend earnings amounted to Rs 63,000 crore, an increase from Rs 59,953 crore in the 2022-23 fiscal year.

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