PSE dividends likely to cross govt's target for first time in 8 years

The Central government in 2022-23 is close to exceeding its dividend target from its public sector enterprises (PSEs) for the first time in eight years.

The government has so far garnered Rs 36,835 crore, which is 92 per cent of the Budget estimate of Rs 40,000 crore.

The government is likely to better its Budget target for FY23 because many PSEs declare their dividend in the final quarter of the financial year.

The last time the finance ministry achieved the PSE dividend target was in FY15, when it exceeded the Budget estimate of Rs 27,815 crore by garnering Rs 31,692 crore.

During FY18-FY22, the