CPSEs must take steps to unlock surplus resources to boost job creation: President

CPSEs must take steps to unlock surplus resources to boost job creation: President

Mukherjee highlighted the significant role played by central public sector enterprises (CPSEs) in the country's development and noted that long-term growth prospects of the Indian economy continue to be positive.

NITI Aayog to submit PSU strategic sale roadmap this month

NITI Aayog to submit PSU strategic sale roadmap this month

  NITI Aayog will submit a blueprint for divesting government's stake in some PSUs and strategic sale of those that have been sick for a long time by this month.

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.

Five states contribute half of PSU investments in five years: Study

Topping the list, Maharashtra alone claimed 20 percent in the total, followed by Andhra Pradesh (8.4 percent), Tamil Nadu (8.1 percent), Odisha (6.7 percent) and Uttar Pradesh (6.2 percent), the study said.

CPSEs to pay rich dividends to government this fiscal

The assurance comes as a response to the Finance Minister's order that "in no case less dividend compared to 2012-13 will be accepted".

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.

Govt mulls seeking no 'wrongdoing' affidavit from ind director

"There is a proposal that non-official directors have to provide an affidavit that they are not involved in any wrongdoings or fraud and comply with the laid down corporate governance norms," an official said.

Govt working on norms on investment of surplus funds by CPSEs

"Recently, a panel has submitted its report to the Finance Ministry. Once the report is finalised, the Department of Public Enterprises (DPE) will go ahead with new norms," an official said.

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).

'Govt mulling greater autonomy for CPSEs'

The government is considering giving greater autonomy and empowerment to central public sector enterprises (CPSEs), a top official said.

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).

Inter-ministerial meet on fund for CPSEs on Monday

Moving ahead with its proposal to attract investors by setting up an Exchange Traded Fund for central public sector enterprises (CPSEs), the Disinvestment Department has called the meeting of an inter-ministerial panel on Monday to firm up the structure of the scheme.

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.

Norms on anvil for proper use of for CPSEs' surplus cash

A government committee is likely to soon come out with guideline for proper utilisation of surplus cash being held by blue-chip central public sector enterprises (CPSEs), a senior official has said.

DoD wants smaller PSUs to hit market for over 10% stake sale

In a communication to the Department of Heavy Industries, the DoD has said that all profitable companies which come under the ministry should consider offers of 15-20 percent of their paid-up equity.

Top CPSEs to get Maharatna status

The Cabinet on Thursday approved the introduction of “Maharatna” category for Central Public Sector Enterprises (CPSEs).