DIVIDEND

finmin-may-push-for-rs-25-30k-cr-interim-dividend-from-rbi

FinMin may push for Rs 25-30K cr interim dividend from RBI

Union finance ministry is expected to push for Rs 25,000-30,000 crore interim dividend from the RBI for the third time in a row. Reportedly with the interim dividend from the RBI, the govt wants to put a check to 3.3 percent fiscal deficit target slippage. Reportedly, the Finance Minister may take up the matter in a post-Budget.

The RBI paid a total Rs 38,000 crore as an interim dividend in the past. The government has a Budget estimate of Rs 90,000 crore dividend from RBI in FY20. The RBI follows July-June as FY and usually distributes dividend in August after annual accounts are finalised and interim dividends if any, they are given around February to the government.

For 2018-19, the RBI transferred a total of Rs 1.76 trillion to the government, including a one-time transfer of Rs 52,637 crore which was deemed as excess reserves and comprising Rs 1,23,414 crore of surplus for the year 2018-19. The government is fighting a six-year low growth, subdued demand, and consumption leading to projections of 5 percent growth.

22 Jan 2020
nbcc-pays-a-dividend-of-rs-77.14-crore-to-the-government

NBCC pays a dividend of Rs 77.14 crore to the government

NBCC (India) Ltd, a CPSE Navratna under MoHUA, has paid its final dividend of Rs 77.14 cr to the government for FY 2018-19 on October 29, 2019. Dividend cheque of Rs 77.14 cr has been handed over to Hardeep Singh Puri, Minister of State for MoHUA by Pawan Kumar Gupta, Chairman & Managing Director of NBCC.

Top officials who attended the occasion included Durga Shanker Mishra (IAS), Secretary, MoHUA; Shiv Das Meena (IAS), Additional Secretary, MoHUA; Functional Directors of NBCC namely: S Rajendra Chaudhari, Director (Commercial); N K Shah, Director (Projects); B K Sokhey, Director (Finance) of NBCC & HSCL.

01 Nov 2019
finmin-may-push-for-rs-25-30k-cr-interim-dividend-from-rbi

FinMin may push for Rs 25-30K cr interim dividend from RBI

By IndianMandarins 22 Jan 2020

Union finance ministry is expected to push for Rs 25,000-30,000 crore interim dividend from the RBI for the third time in a row. Reportedly with the interim dividend from the RBI, the govt wants to put a check to 3.3 percent fiscal deficit target slippage. Reportedly, the Finance Minister may take up the matter in a post-Budget.

The RBI paid a total Rs 38,000 crore as an interim dividend in the past. The government has a Budget estimate of Rs 90,000 crore dividend from RBI in FY20. The RBI follows July-June as FY and usually distributes dividend in August after annual accounts are finalised and interim dividends if any, they are given around February to the government.

For 2018-19, the RBI transferred a total of Rs 1.76 trillion to the government, including a one-time transfer of Rs 52,637 crore which was deemed as excess reserves and comprising Rs 1,23,414 crore of surplus for the year 2018-19. The government is fighting a six-year low growth, subdued demand, and consumption leading to projections of 5 percent growth.

nbcc-pays-a-dividend-of-rs-77.14-crore-to-the-government

NBCC pays a dividend of Rs 77.14 crore to the government

By IndianMandarins 01 Nov 2019

NBCC (India) Ltd, a CPSE Navratna under MoHUA, has paid its final dividend of Rs 77.14 cr to the government for FY 2018-19 on October 29, 2019. Dividend cheque of Rs 77.14 cr has been handed over to Hardeep Singh Puri, Minister of State for MoHUA by Pawan Kumar Gupta, Chairman & Managing Director of NBCC.

Top officials who attended the occasion included Durga Shanker Mishra (IAS), Secretary, MoHUA; Shiv Das Meena (IAS), Additional Secretary, MoHUA; Functional Directors of NBCC namely: S Rajendra Chaudhari, Director (Commercial); N K Shah, Director (Projects); B K Sokhey, Director (Finance) of NBCC & HSCL.

hcl-pays-dividend-for-2018-19,-highest-in-last-five-years

HCL pays dividend for 2018-19, highest in last five years

By IndianMandarins 10 Sep 2019

Union minister for mines Pralhad Joshi has received a dividend of Rs 36.59 crore on a share holding of 76.05% on behalf of the government from Santosh Sharma, CMD, HCL. Anil Mukim, Secretary (Mines) was also present on the occasion besides some senior HCL officials.

 

The total payout by HCL on account of dividend related to 2018-19 is Rs 58.00 crore consisting of dividend Rs 48.11 crore and dividend tax Rs 9.89 crore. This is the highest dividend paid by the company in the past five years. During 2018-19, the company recorded ore production of 41.22 lakh tonnes which was the highest ever in last 21 years.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.