New Delhi . State Bank of India (SBI) gave Union Finance Minister Nirmala Sitharaman (To Union Finance Minister Nirmala Sitaraman) for FY 2024-25 (for fy 2024-25) 8,076.84 crore rupees a dividend check of Rs 8,076.84 crore (Hand Over Dividend Chequue of RS. 8076.84 CRORORE). SBI Chairman CS Setty on Monday handed over the check to the Finance Minister in the presence of senior officials.
The office of Finance Minister Nirmala Sitharaman wrote in a post on the social media platform X, “Finance Minister Nirmala Sitharaman received a dividend check of Rs 8076.84 crore from SBI Chairman CS Setty for FY 2024-25.” India’s top public sector companies recorded a strong growth in profits during the January-March quarter of 2024–25, which is expected to further strengthen the government’s fiscal state.
The country’s largest lender SBI and insurance giant Life Insurance Corporation of India (LIC) took an edge with a net profit of Rs 18,643 crore and Rs 19,013 crore respectively. The net profit of SBI for FY 2024-25 is now Rs 70,901 crore, while LIC has recorded an impressive net profit of Rs 48,151 crore.
Coal India in the energy sector made a net profit of Rs 9,604 crore during the fourth quarter, while the Indian Oil Corporation (IOC) recorded a net profit of Rs 7,265 crore. ONGC recorded a net profit of Rs 6,448 crore during the quarter. The country’s largest power producers in the power sector, NTPC recorded a net profit of Rs 7,897 crore, while Power Finance Corporation (PFC) earned a great amount of Rs 8,358 crore. Power Grid Corporation of India also recorded a strong profit of Rs 4,143 crore during the January-March quarter.
In addition to the high contribution of the government through high dividends, high payment of large public sector enterprise corporate taxes increases revenue. In addition, large capital expenditure schemes of these government -owned enterprises play an important role in promoting development and generating employment in the economy.
According to data from the Auditor General (CGA), the central government collected revenue of Rs 30.36 lakh crore as both tax and non-tax receipts, which is 98.3 percent of the revised budget estimate (RE). PSU’s earnings are an important part of these non-tax receipts.
Indore: Meghalaya Police can leave Sonam Raghuvanshi, the main accused in the Raja Raghuvanshi Murder Case, the famous King Raghuvanshi murder case of Indore. According to sources, all paperwork is being completed till late Monday evening. After this, reaching the residence of Shillong Police Magistrate 48 hours […]
