Dividend windfall, disinvestment receipts give fiscal cushion

Higher-than-expected dividend and surplus payouts from the Reserve Bank of India and state-run financial institutions have provided the much-needed fiscal leeway to the Centre. Total collections under this head have outpaced the full-year Budget Estimate of ₹3.19 lakh crore, possibly blunting the impact of an anticipated moderation in direct tax buoyancy

Raccontata dathehindubusinessline.com