Top 10 business headlines: Govt seeks RBI interim dividend, telcos get help

News on why the government wants Rs 10,000 crore as interim dividend from the central bank and is going easy on telecom companies that owe it dues.

Govt seeks Rs 10,000-cr interim dividend from RBI
 

The government has demanded Rs 10,000 crore as interim dividend from the Reserve Bank of India (RBI) for financial year 2019-20 (FY20) to bridge the fiscal gap, sources said. The demand—for the third consecutive year-comes at a time when the government is falling short of its revenue targets due to dwindling tax and low disinvestment receipts.

Govt to go easy on telcos till SC hearing on AGR
 

Even as telecom companies including Bharti Airtel and Vodafone Idea missed the January 23 deadline to pay up their dues linked to adjusted gross