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Govt pushes PSUs to cough up dividends

Govt pushes PSUs to cough up dividends

Thursday, March 23, 2017, 11:19 PM

To shore up revenues, the government is hastening public sector undertakings to pay dividends before this financial year (2016-17, FY17) ends. On Thursday, the oil marketing companies Indian Oil, HPCL and BPCL in hurried board meetings declared their second interim dividend. Coal India also announced its board would meet again on Sunday to declare another interim dividend, which would be paid before March 31.
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