Government secures Rs 8,753 crore in dividends from Indian Oil and LIC
Also, the central government received a dividend of Rs 3,662.17 crore from Life Insurance Corporation (LIC).
The Department of Investment and Public Asset Management secretary posted on X that the central government has received about Rs 5,091 crore from Indian Oil Corporation Ltd (IOCL) as a dividend tranche.
Also, the central government received a dividend of Rs 3,662.17 crore from Life Insurance Corporation (LIC). This amount is in addition to the interim dividend of Rs 2,441.45 crore paid by LIC earlier in March 2024.
In the current fiscal, the government has budgeted to collect Rs 56,260 crore as dividends from public sector enterprises, up from Rs 50,000 crore in the 2023-24 fiscal.
The country's largest insurer Life Insurance Corporation (LIC) has paid a dividend of Rs 3,662.17 crore for FY2023-24.
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"Smt @nsitharaman receives a dividend cheque of Rs 3,662.17 crore for FY 2023-24 from Shri Siddhartha Mohanty, MD & CEO - @LICIndiaForever," Finance Minister Nirmala Sitharaman's Office said in a post on X.
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