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CPSEs to pay rich dividends to government this fiscal

Last Updated: Wednesday, December 25, 2013, 19:47

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

Last Updated: Sunday, September 08, 2013, 11:35

"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

Last Updated: Thursday, August 29, 2013, 17:42

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.

Cabinet likely to take up proposed PSUs' reforms in September

Last Updated: Tuesday, August 27, 2013, 15:06

The Cabinet is expected to take up the proposed reforms for state-owned companies, including three-year fixed tenure for CPSEs heads, next month.

Govt mulls seeking no 'wrongdoing' affidavit from ind director

Last Updated: Sunday, July 07, 2013, 18:54

"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

Last Updated: Sunday, May 26, 2013, 14:09

"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

Last Updated: Wednesday, May 08, 2013, 20:30

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'

Last Updated: Saturday, November 17, 2012, 17:02

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

Last Updated: Sunday, November 11, 2012, 13:28

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

Last Updated: Tuesday, September 25, 2012, 18:09

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

Last Updated: Sunday, September 02, 2012, 15:00

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

Last Updated: Tuesday, August 21, 2012, 21:06

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.