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| CPSEs may get Rs 19,646cr financial assistance |
| Press Trust of India / New Delhi Feb 16, 2009, 16:45 IST |
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The Centre today proposed a financial assistance of Rs 19,646 crore to the Central Public Sector Enterprises (CPSE), which have outlined investments of Rs 2,29,421 crore in the next fiscal.
State-run companies have increased their total plan outlay marginally by about six per cent to Rs 2,29,421 crore for 2009-10, from Rs 2,14,970 crore in the current fiscal, according to the Expenditure Budget for 2009-10 laid in the Parliament today.
Of the Rs 2,29,421 crore, the government would give Rs 2,533.79 crore as loans.
The 93 public sector companies are likely to generate Rs 9,85,26.28 crore through internal resources to meet the planned expenditure, while Rs 45,385.40 crore would be raised in 2009-10 through bonds and debentures.
External commercial borrowings and supplier credits would give them another Rs 16,440.82 crore and Rs 46,888.81 crore would be raised through other means.
The government has revised the total investment by the public sector enterprises during the current fiscal to Rs 2,07,502 crore.
During the current financial year, the companies have raised Rs 16,436 crore from the markets.
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