Inheritance tax could nullify the progress India made in last 10 years: Nirmala Sitharaman
The finance minister criticised the Congress party for allegedly advocating the inheritance tax.
The Security Printing and Minting Corporation of India Limited (SPMCIL) has paid a Final Dividend of Rs 240.41 crore to the Government of India for FY 2020-21 is 5% of the net worth of the company as of 31 March 2021 [57% of Profit after Tax (PAT) for FY 2020-21) in compliance of DIPAM guidelines.
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman received the dividend cheque from SPMCIL by Tripti P Ghosh, CMD, and Ajay Agarwal, director (finance), in presence of Ajay Seth, Secretary, Department of Economic Affairs (DEA), and Meera Swarup, Special Secretary & Financial Advisor, Ministry of Finance.
SPMCIL has achieved the targets in the production of bank notes, coins, security paper, passports, security inks, and other security products during the year 2020-21. SPMCIL has produced 8,288 million pieces of the Bank Notes, 2,757 million pieces of circulating coins, 6,870 Metric Ton (MT) Security Paper, 600.42 Metric Ton (MT) of security inks in 2020-21.
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During the year 2020-21, the Revenue from Operations of the Company is Rs 4,712.57 crore and Profit before Tax is Rs 789.74 crore.
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