Cpse

Capital expenditure by CPSEs touches 76% of Rs 6.6-trillion target

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

Public procurement via GeM expected to cross Rs 2 trillion-mark in FY23

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

FinMin asks depts, CPSEs to refund 95% of MSMEs securities till March 2022

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 ...

PSE dividends likely to cross govt's target for first time in 8 years

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

Post-pandemic recovery: 22 CPSEs back in black in FY22, shows data

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

Significant dip in number of regular employees in CPSEs since 2014: Centre

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

Share of women employees in CPSEs dips to 9.35% in FY21: Survey

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

HDFC-HDFC Bank merger could set off Rs 48k-cr Nifty50 churn: Brokerage

Market players seek clarity from exchanges on the exclusion rule

NLMC to hire company secretary as it preps for commencing operations

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

NMDC to be excluded from Nifty CPSE index over move to hive off steel arm

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 nod to SPV for monetisation of surplus land of CPSEs

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

SBI Mutual Fund launches CPSE Bond Plus SDL index fund

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

What has been the trend in CPSE closures? Here's what data shows

Total number of CPSEs has not been trending down

CPSE assets sale to bring about paradigm shift in infra: FM Sitharaman

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

DIPAM, Niti Aayog officials to brainstorm on CPSE asset monetisation

The discussions are scheduled to take place on Tuesday

CPSE strategic sale: Govt makes security clearance mandatory for bidders

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

Capex plan, capital budget for FY21 pegged at Rs 10,000 crore: Coal India

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

FM meets heads of 23 CPSEs, discusses need of timely capex for growth

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

CPSEs' non-compliance to directives led to Rs 9k-cr dividend shortfall: CAG

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

Cabinet may consider proposal to lower govt stake in CPSEs to less than 51%

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