Budget 2023: Lower interest, dividend income in FY23

/1 min read

ADVERTISEMENT

Both interest receipts and dividends and the profit of the central government are expected to decline in FY23 by 16% and 29%, respectively.
Budget 2023: Lower interest, dividend income in FY23

Both interest receipts and dividends, and the profit of the central government are expected to decline in FY23 by 16% and 29%, respectively. As a result, the non-tax revenue is projected to fall by 14% over the revised estimates of FY22.

Dividends and profits from public sector enterprises also include a surplus of the Reserve Bank of India (RBI) that is transferred to the government.

Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.

Fortune India Latest Edition is Out Now!

Read Now