CPSE

The capex spending of these public sector undertakings is being reviewed by the Prime Minister's Office regularly

The largest order worth Rs 20,400 crore placed on GeM until now is by NTPC for mine development and operations services

The Finance Ministry on Monday asked all departments and public sector entities to refund 95 per cent of the performance or bid security and liquidated damages forfeited/deducted from small and medium businesses in government tenders for over two years till March 31, 2022. To give relief to MSMEs, Finance Minister Nirmala Sitharaman in 2023-24 Budget announced 'Vivad se Vishwas-I' scheme which provides that in cases of failure by MSMEs to execute contracts during the Covid period, 95 per cent of the forfeited amount relating to bid or performance security will be returned to them by government and government undertakings. The Finance Ministry's Expenditure Department on Monday issued an office memorandum stating that all contractors or suppliers registered as micro, small and medium enterprises (MSME) with the Ministry of MSME as on March 31, 2022, would be eligible to claim a refund of the forfeited amount for contracts which had an original delivery or completion period between ...

The government has so far garnered Rs 36,835 crore, which is 92 per cent of the Budget estimate of Rs 40,000 crore

Higher demand after the pandemic and a fall in expenditure helped these CPSEs increase their turnover and revenue

There has been a substantial decline in the number of regular employees in various Central Public Sector Enterprises since 2014, while the number of contractual employees has increased

According to the report, the number of women employees in CPSEs declined 9.5% to 80,525 in FY21 when pandemic hit the economy

Market players seek clarity from exchanges on the exclusion rule

SPV is tasked to monetise 3,479 acres surplus land of state-owned firms

NMDC shares drop 5.3%; ONGC, Coal India and Bharat Electronics likely to see inflows of $31-46 million on account of the rebalancing

Cabinet approves a National Land Monetisation Corp with an initial authorised share capital of Rs 5,000 cr

The scheme seeks to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error

Total number of CPSEs has not been trending down

Finance Minister Nirmala Sitharaman on Tuesday said monetisation of CPSE assets is based on the principle of value creation for the government and investors

The discussions are scheduled to take place on Tuesday

Financial bid would be opened by the evaluation committee on strategic disinvestment only after potential suitors get security clearance

The capex of CIL, at Rs 844 crore during the first quarter of the current financial year, crossed the provisioned target of Rs 720 crore

The combined capex target of these 23 CPSEs for the year 2020-21 is Rs 1,65,510 crore

The CAG also pulled up the government for including the income from investment in SUUTI as part of the disinvestment proceeds leading to overstatement of Rs 1,400 crore

Such a move is possible by amendment to Section 241 of the Companies Act