Govt to go ahead with PSU disinvestment as planned: Jaitley

Notwithstanding the slide in stock market, Finance Minister Arun Jaitley on Thursday said government's disinvestment programme will continue as planned.

Minister nod mandatory for CVOs tenure extension in CPSEs

The tenure of anti-corruption officials working in Central Public Sector Enterprises (CPSEs) cannot be extended without the mandatory nod from the minister concerned, the Centre has said.

Don't give additional work to anti-graft officials: Govt to depts

Intensifying its anti-corruption drive, the government has asked all departments under it not to give additional charge of any Central Public Sector Enterprises to Chief Vigilance Officers (CVOs), mandated to check corruption.

Govt nod for Rs 288-cr payment to staff of 11 ailing CPSEs

The government on Wednesday approved Rs 287.67 crore for payment of statutory dues and salary among others to employees of eleven loss-making central public sector enterprises including Hindustan Cables, HMT Machine Tools and Nagaland Pulp and Paper Co.

CPSE ETF to reopen for investors next month

An ETF is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange.

CPSE ETF draws Rs 850 cr bids from anchor investors on 1st day

Anchor investors put in bids worth about Rs 850 crore in the CPSE Exchange Traded Fund (ETF) that was launched Tuesday to help the government meet its disinvestment target.

Several CPSEs seek fixed three-year tenure for serving CMDs

"There is a demand from certain Public Sector Units (PSUs) that the serving Chairman-and-Managing Directors should also get three-year extension," an official said.

43 CPSEs incurring losses for 3 years: Patel

As many as 43 Central Public Sector Enterprises (CPSEs) including Air India, MTNL, BSNL and HMT Ltd have been incurring losses for the last three years, Parliament was informed today.

Employees of 10 sick PSUs to get six months’ salary till March

The revival/closure plans of Hindustan Cables Limited, Triveni Structurals, HMT (Watches), HMT (Chinar Watches) and Hindustan Photo Films Limited are yet to be finalised, it said.

Govt plans CPSE-ETF by Oct-Nov: Divestment Secy

The proposed CPSE-ETF (Central public sector enterprises-exchange traded fund) is likely to be launched by October-November, Disinvestment Secretary Ravi Mathur said here Saturday.

Govt should set time-frame for revival of sick units: Panel

A Parliamentary panel today asked the government to set time-frame for revival of sick Central Public Sector Enterprises (CPSEs).

Top positions in 29 CPSEs lying vacant: Patel

Posts of Chairman-cum-Managing Director/Managing Director are lying vacant in 29 Central Public Sector Enterprises (CPSEs), including MMTC and NHPC, Parliament was informed Thursday.

Fear psychosis leading to risk aversion in PSUs: Panel

Noting that a "fear psychosis" is leading to risk aversion in PSUs and restraining performance, a committee has said that there is a need to create an independent panel, within the CVC, which can be consulted for prior advice in certain matters.

30 CPSEs set up in last 3 years: Patel

As many as 30 Central Public Sector Enterprises (CPSEs) such as Mahanadi Basin Power and NMDC Power have been set up in the last three years, Parliament was informed Thursday.

Negative marking for CPSEs not complying with corp governance

Central Public Sector Enterprises (CPSEs) that fail to comply with corporate governance norms will get negative marking from next fiscal, Department of Public Enterprises Secretary O P Rawat said Thursday.

CPSEs required to double minimum CSR contribution from 2013-14

As per existing norms, CPSEs whose net profit is Rs 500 crore and above in the previous year, its CSR spending ranges between 0.5 to 2 percent of their profits.

'No proposal to relax norms to grant Navratna tag to CPSEs'

The government has said there is no proposal to relax guidelines for granting Navratna status to central public sector undertakings.

Govt to review investment of surplus cash by CPSEs in Jan 2013

Finance Minister P Chidambaram has asked CPSEs, which have substantial cash reserves, to invest their reserves as per their investment plan, they said.

Govt proposing norms for independent directors at CPSEs

At present, there are no such guidelines for non-official directors who are being appointed on boards of Central Public Sector Enterprises (CPSEs).

CPSEs total cash and bank balance at Rs 2.84 lakh crore in FY'11

The government Tuesday said central public sector enterprises (CPSEs) have a total cash and bank balance of Rs 2.84 lakh crore as on March 31, 2011.