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Finance Ministry wants CPSEs to ready cashback offers
Such central public sector enterprises (CPSEs) have been asked to consider special dividends of 15-100% or even share buybacks. The finance ministry has told nodal ministries and departments to pass on the clear message that companies cannot have large cash reserves while the government is forced to borrow to fund other programmes. PSUs have also been told to look at avenues other than the government to fund their plans such as monetisation of assets.
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