Dividend payout: Govt in talks with PSUs

New Delhi, January 14 (ANI): Economic affairs secretary R. Gopalan on Saturday revealed that the government was in negotiations with public sector undertakings (PSUs) to arrive at a mutually viable consensus over the proposed dividend payout. Aiming to mobilise funds, the Indian government has been persuading PSUs to pay more as dividends. The government's target is to raise 400 billion rupees this fiscal year by selling shares in state run firms, but has managed only a fraction of it due to adverse stock market conditions.