How is centre faring on its non-tax revenues, divestment targets in FY23

The total non-tax revenue target for the year is Rs 2.69 trillion, while that for disinvestment is Rs 65,000 crore

After years of falling short of budget targets, there is actually a sense in the government this time that the divestment target of Rs 65,000 crore could be met, a sort of cautious optimism, largely due to the centre planning to sell its residual stake in Hindustan Zinc Ltd.

However, when it comes to dividends from state-owned enterprises, the expectation is clear: oil and gas companies contribute a major chunk, however they may not be able to pay dividends because of how crude oil prices have impacted them. And hence, public sector undertaking (PSU) dividends are likely to fall short