Cash-strapped SAIL refuses dividend to govt

SAIL’s refusal could make it harder for the government to meet its budgeted target of raising Rs 1.06 lakh crore from the dividends and profit of state-owned companies this fiscal year ending March. Last fiscal year, the government received Rs 123 crore, 13 percent below the then target.

from Times of India https://ift.tt/2NyU1jb