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Odisha's investments in PSUs yield poor returns, says CAG report

Out of 147 entities where the government poured funds, only 12 had paid dividend- two rural banks, nine government companies and one statutory corporation

Friends and foes swear by Biju Patnaik's legacy in Odisha elections

Jayajit Dash Bhubanswar
The Odisha government's investments in public sector undertakings (PSUs) – government companies, cooperative societies, statutory corporations and others have drawn lacklustre returns. The rate of return on government investments has been on the wane since 2014-15.

A report on state finances for the year ended March 2018 by the Comptroller & Auditor General of India (CAG) shows the rate of return (on government investments) has drastically plunged from 30.71 per cent in 2014-15 to 1.33 per cent at the end of 2018-19. Return in the form of dividend has fallen sharply from Rs 1076.44 crore to Rs 66.22 crore in the

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First Published: Nov 29 2019 | 7:46 PM IST

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