Don’t miss the latest developments in business and finance.

Union Cabinet approves RCC recommendation on dividend rate

Image
Press Trust of India New Delhi
Last Updated : May 04 2016 | 10:02 PM IST
Union Cabinet today approved the Railway Convention Committee's (RCC) recommendation on rate of dividend for 2014-15 and 2015-16.
The Cabinet chaired by Prime Minister Narendra Modi has given its approval for adoption of a resolution to be moved in Parliament as per the recommendation of the RCC for determining the rate of dividend for fiscal 2014-15 and 2015-16 at 5 per cent and 4 per cent respectively on the entire capital (excluding dividend free capital) invested in Railways from the General Revenues, according to a release.
The adoption of resolution in Parliament would enable the Railways to implement the recommendations contained in the Railway Convention Committee's 2014 report.

More From This Section

First Published: May 04 2016 | 10:02 PM IST

Next Story