Singer India Ltd. has recommended final dividend of Rs. 3.50 per equity share of the face value of Rs. 10 each for FY 2016-17.
As Food Subsidy Bill is on the verge of official launch, India's Finance Minister P Chidambaram is started all acts of preparing 30% Indians (non-beneficiaries of food subsidy bill) to face food price rise and pay for rest 70%. Though entire theme looks a political drama set for 2014 elections, no party will oppose to this move as it would cut down the prospects of their winning.
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