The government expects a dividend income of Rs 1.02 lakh crore from the RBI and public sector financial institutions in the next financial year. The current fiscal year is expected to see a higher dividend income of Rs 1.04 lakh crore compared to the Budget Estimate of Rs 48,000 crore. The government aims to reduce the fiscal deficit to below 4.5% by 2025-26 from 5.1% of GDP in 2024-25, and it expects higher dividends from banks and financial institutions, along with improved tax mobilisation, to help achieve this fiscal deficit glide path. Read The Rest at :
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