Govt revises norms on dividend payment by PSUs
Every CPSE would pay a minimum annual dividend of 30% of profit after tax or 4% of the net worth, whichever is higher.
Every CPSE would pay a minimum annual dividend of 30% of profit after tax or 4% of the net worth, whichever is higher.
If the government moves fast on strategic sale, consolidation among various public sector units, and bringing down its stake to below 51% in CPSEs, it may achieve its disinvestment target.