The number of CPSEs registered on the RXIL platform is 110, whereas more than 50 CPSEs have registered on the M1xchange
Among other key criteria, the MoU has now assigned 2 marks out of 100 for procurement from GeM portal as percentage of total procurement
The govt needs to act quickly to capitalise on the assets of such enterprises
While CPSEs spent Rs 2.8 trillion in capex in the first half of FY23, they had invested Rs 2.19 trillion during the year-ago period, registering 27.85 growth per cent
These include CPSEs under the Ministries of Housing & Urban Affairs and Health & Family Welfare, and Departments of Pharmaceuticals, Telecommunications and Fertilisers
According to the report, the number of women employees in CPSEs declined 9.5% to 80,525 in FY21 when pandemic hit the economy
Providing impetus to privatisation, cabinet recently empowered the boards of the CPSEs to privatise, disinvest or close their subsidiaries and sell stakes in JVs
The total gross revenue of 255 operating CPSEs during FY21 was Rs 24.26 trillion as against Rs 24.58 trillion in the previous year, showing a decrease of 1.30%
The move will enable the CPSEs to import freely the four categories of goods from any country, including China, which heavily dominates the renewable energy supply chain
A Business Standard analysis of data in the CAG report shows the market share of the four insurers is eroding
International funds have given negative returns of 17% in the last one year, while pharma and banking funds are down by 12.5% and 8.1% respectively
Those transactions for which Expression of Interest (EoI) have been issued will continue to be handled by the Department of Investment and Public Asset Management (DIPAM)
Investor engagement will increase transparency
Procurement by central public sector enterprises (CPSEs) rose multifold to about Rs 43,000 crore
The government has received Rs 2,399 crore as dividend tranches from 3 central public sector enterprises (CPSEs), DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.
The government on Tuesday said it has received Rs 4,353 crore as dividend tranches from seven public sector enterprises, including Coal India and PFC.
Govt to shift part of CPSEs debt to itself as it infuses more equity
The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year, which is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22
The government has set up a National Land Monetisation Corporation to fast track monetisation of land and non-core assets of public sector entities, the Economic Survey said on Monday. So far, CPSEs have referred 3,400 acres of land and other non-core assets for monetisation from CPSEs including MTNL, BSNL, BPCL, B&R, BEML, HMT Ltd, Instrumentation Ltd. Since, the desired skill set to take on the responsibility of management and monetisation of non-core assets in government is limited, Finance Minister Nirmala Sitharaman in 2021-22 Budget had announced setting up of a Special Purpose Vehicle (SPV), with capacity and expertise, to carry out the monetisation of the land and other non-core assets in an efficient and prudent manner, in line with international best practices. "In pursuance of the Budget announcement, National Land Monetisation Corporation (NLMC) is being incorporated as a 100 per cent Government of India owned entity with an initial authorised share capital of Rs ...
CPSEs met only 63% of spending target by December