(In crores of rupees)
The dividend payable to General Revenues during the year
2008-2009 was Rs. 4717.67 crores which has been fully paid
during the year itself.
The dividend, payable by Railways includes 1.5% (with effect
from Ist April, 1980) of the pre-1964-65 dividend bearing
capital, for payment to States in lieu of the tax in railways
passenger fares which was merged with the basic fares with
effect from Ist April 1961. Out of this contribution, a fixed
amount of Rs. 23.12 crores is paid to the States as grant, and
Rs.2.61 crores is made available to Railways to finance
railway safety works such as manned level crossings, road over-
bridges and under-bridges. The grant to States "to finance
railway safety works" shall, from 2001-2002, be credited to
"Railway Safety Fund" directly by the Railways.