Shoring up non-tax revenue for FY21: Govt banking on buybacks, dividends

New Delhi: The government will rely on proceeds from buybacks and dividends from public sector enterprises to shore up non-tax revenues as key strategic divestments, including Air India and BPCL, are likely to conclude only in the next financial year, said officials. However, the additional proceeds would still be much less than adequate to meet the mammoth target of Rs 2.1 lakh crore set for 2020-21, they said. As of January 11, proceeds from