FM Nirmala Sitharaman holds 4th review meeting on CAPEX of CPSEs

This was 4th in the ongoing series of meetings that the Finance Minister is having with various stakeholders to accelerate the economic growth in the background of COVID–19 pandemic.

Oct 19, 2020, 17:26 PM IST

Better performance of CPSEs can help economy recover from COVID-19 impact: FM Nirmala Sitharaman

The Finance Minister said that better performance of CPSEs can help the economy in a big way to recover from the impact of COVID-19.

Jul 07, 2020, 20:24 PM IST

Bharat Bond ETF will help India become financially more vibrant economy: FM Nirmala Sitharaman

Sitharaman said that this will help India become a lot more financially vibrant economy. Bharat Bond ETF will have a fixed maturity period like close-ended mutual funds and the units will be listed on stock exchanges. 

Dec 04, 2019, 18:34 PM IST

Finance Ministry meet Heads of CPSEs to boost capital expenditure

During the meeting the finance ministry reviewed capital expenditure by various CPSEs and ministries.

Sep 06, 2019, 18:23 PM IST

No proposal for strategic disinvestment of Navaratna CPSEs: Govt informs Rajya Sabha

As per Public Enterprises Survey 2017-18 that was laid in the Parliament on 27.12.2018, there were 339 Central Public Sector Enterprises (CPSEs) as on 31.03.2018.

Jun 24, 2019, 16:56 PM IST

PMO holds meeting to speed up strategic sale of PSUs

Niti Aayog has identified 35 PSUs, including Air India, Air India's subsidiary AIATSL, Dredging Corporation, BEML and Scooters India for strategic sale.

Feb 06, 2019, 12:23 PM IST

Over dozen CPSEs evince interest in raising funds via debt ETF next fiscal

To start with, the finance ministry will provide a platform for only 'AAA' and 'AA' rated Central Public Sector Enterprises (CPSEs) to raise funds by way of bond issuance using the debt ETF route.

Jan 01, 2019, 13:48 PM IST

FinMin banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target

The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal.

Oct 19, 2018, 13:19 PM IST

'HSCC, EPIL in advanced stages for merger with similarly placed CPSEs'

The government last October invited bids from similarly placed central public sector enterprises (CPSEs) for buying out entire 100 percent stake in them, along with management control.

Jun 22, 2018, 17:50 PM IST

Govt issues norms for time-bound closure of CPSEs

Faced with inordinate delay in closing down sick CPSEs, the government has come out with timelines for disposal of movable assets, sale of land and retrenchment of employees not opting for voluntary retirement.

Sep 08, 2016, 15:32 PM IST

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.

Apr 12, 2016, 01:00 AM IST

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.

Apr 03, 2016, 12:17 PM IST

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.

May 17, 2015, 09:34 AM IST

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.

Sep 07, 2014, 11:36 AM IST

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".

Dec 25, 2013, 19:47 PM IST

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.

Sep 08, 2013, 11:35 AM IST

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.

Aug 29, 2013, 17:42 PM IST

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.

Jul 07, 2013, 18:54 PM IST

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.

May 26, 2013, 14:09 PM IST

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).

May 08, 2013, 20:30 PM IST