Authorities banking on buybacks, dividends

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New Delhi: The federal government will depend on proceeds from buybacks and dividends from public sector enterprises to shore up non-tax revenues as key strategic divestments, together with Air India and BPCL, are prone to conclude solely within the subsequent monetary yr, mentioned officers. Nevertheless, the extra proceeds would nonetheless be a lot lower than enough to fulfill the mammoth goal of Rs 2.1 lakh crore set for 2020-21, they mentioned. As of January 11, proceeds from





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