Top PSUs are said to be under immense pressure to pay a large dividend to fund government spending, but are seeking exemption from making huge payouts as that may affect their capital expenditure plans and ratings, officials and industry executives said.
It is known that the government is insisting that public sector companies pay the maximum possible dividend in this challenging financial year so that additional resources are available for state programs without breaching the fiscal deficit target.
Indianmandarins has learnt that this year too, dividends of some PSUs may be higher than the minimum set by the government. But they say they can't pay as much as has been demanded by the government this year as it would hurt our investment plans.