"As per information available with the Department of Public Enterprises (DPE), 19 sick and loss-making CPSEs
or units of CPSEs
have been approved for closure by the government," said Minister of Heavy Industries and Public Enterprises Arvind Ganpat Sawant in a written reply in the Lower House of Parliament.
It is noted that overall return on Assets of all CPSEs
taken together is 3.39 percent during the year 2017-18.
Goldman Sachs Asset Management ( India) has announced the launch of CPSE
( central public sector enterprise) ETF new fund offer ( NFO) which would open for retail investors on March 19.
Total paid up capital in 339 CPSEs
as on March, 2018 stood at Rs.2,49,988 crore as compared to Rs.2,32,161 crore as on March, 2017 (331 CPSEs
), showing a growth of 7.68 percent.
New Delhi [India] Jun 6( ANI ): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the revised guidelines of the Department of Public Enterprises (DPE) on the time-bound closure of loss-making Central Public Sector Enterprises (CPSEs
) and disposal of movable and immovable assets.
The government has decided that the central vigilance officer ( CVO) posted in each central public sector enterprise ( CPSE
) will now get the rank and pay of the second- highest officer in the organisation.
Indian Oil Corporation Limited, Oil and Natural Gas Corporation Limited and NTPC Limited were ranked first, second and third respectively amongst the top ten profit making companies contributing 13.37 perent, 12.49 percent and 6.48 percent respectively to the total profit earned by profit making CPSEs
during the year 2017-18.
New Delhi [India], November 22 ( ANI ): The Union Cabinet on Wednesday approved the wage policy for the 8th round of wage negotiations for workmen in the Central Public Sector Enterprises (CPSEs