Page 2 - Central Public Sector Enterprises

Centre directs 36% of defaulter CPSEs to join TReDS platform

The number of CPSEs registered on the RXIL platform is 110, whereas more than 50 CPSEs have registered on the M1xchange

Govt removes criteria for CPSEs to improve share price over sectoral index

Among other key criteria, the MoU has now assigned 2 marks out of 100 for procurement from GeM portal as percentage of total procurement

BS Number Wise: A strategy for non-strategic state firms as losses mount

The govt needs to act quickly to capitalise on the assets of such enterprises

Share of women employees in CPSEs dips to 9.35% in FY21: Survey

According to the report, the number of women employees in CPSEs declined 9.5% to 80,525 in FY21 when pandemic hit the economy

CPSEs need ministerial panel's nod to to sell units to govt entities

Providing impetus to privatisation, cabinet recently empowered the boards of the CPSEs to privatise, disinvest or close their subsidiaries and sell stakes in JVs

19 loss-making CPSEs returned to profit in FY21, shows govt data

The total gross revenue of 255 operating CPSEs during FY21 was Rs 24.26 trillion as against Rs 24.58 trillion in the previous year, showing a decrease of 1.30%

Centre lifts Chinese import restrictions on CPSEs to boost RE projects

The move will enable the CPSEs to import freely the four categories of goods from any country, including China, which heavily dominates the renewable energy supply chain

10 mn apprenticeships in 10 yrs: What India needs to solve its unemployment

TeamLease and JustJobs Network report notes that instead of around 125,000 apprentices, CPSUs have only 41,250 on board

Casual workers PSUs hired fell 44% in first Covid-19 pandemic year

Experts say lockdown and near stalling of business may have prompted the decline

Govt bars PSEs from buying state-owned companies on block for privatisation

The finance ministry has barred public sector enterprises from bidding for other Central Public Sector Enterprises (CPSEs) which are on the block for privatisation

Top headlines: Vaccination for teens starts, Tata firms beat PSUs in m-cap

Tata group companies jump ahead of CPSUs in market capitalisation race; Valuation question holds up SPV for land, asset monetisation of PSUs. Read more on today's top headlines

What has been the trend in CPSE closures? Here's what data shows

Total number of CPSEs has not been trending down

Govt receives Rs 566 crore as dividend tranches from 3 CPSEs

The government has received Rs 566 crore as dividend tranches from three CPSEs, a top official said on Thursday.

Privatisation of CPSEs during recession time a horrible idea: Pronab Sen

CPSEs in a recession time is a "horrible idea" as legitimate requirement of the financial sector to meet current requirement is further eroded, former chief statistician Pronab Sen said on Thursday

FM asks 14 CPSEs to spend 75% of Rs 1.15 trillion capex by December end

Govt looks to sustain pace of capital and infra projects to soften economic blow; Till H1 of FY21, these PSUs spent Rs 37,423 cr, or just 32%. In FY20, they spent Rs 1.16 trn or 104% of capex goal

FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1

This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the Covid-19 pandemic

Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept

She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said

Govt to come out with list of strategic sectors soon: FM Sitharaman

She said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector

With a sell-off in mind, government to consolidate operations of PSEs

Union Finance Minister Nirmala Sitharaman on Sunday said the government would come out with a new policy that would identify strategic sectors

AGR dues: OIL moves SC; Moody's says business conditions risky in India

OIL has received demand notices for the period from FY08 to FY19 amounting to over Rs 48,000 crore including licence fee, penalties and interest, the company said