Privatisation Of Public Sector Enterprises

Losses of Himachal's 30 PSEs rose from Rs 3,953 cr to Rs 4,778 cr: CAG

The accumulated losses of state public sector enterprises (PSEs) rose from Rs 3,953.70 crore in 2020-21 to Rs 4,778.70 crore in 2022-23, while the profit earned by 13 SPSEs stood at Rs 20.21 crore as on September 30, 2023, according to a report by the Comptroller and Auditor General (CAG) on finances tabled in the Assembly on Saturday. The net worth of nine out of these 14 PSEs has been completely eroded by losses and their worth was (-) Rs 1,932 crore against an equity investment of Rs 2,085.59 crore, while three PSEs have outstanding government loans amounting Rs 3,132 crore, the report said. Himachal Pradesh State Electricity Board topped the list of loss making enterprises with accumulated losses of Rs 1,809.61 crore, followed by Himachal Pradesh Road Corporation at Rs 1707.12 crore, HP Power Corporation at Rs 552 crore, Himachal Pradesh Power Transmission Corporation at Rs 395.91 crore, HP Financial Corporation at Rs 180.97 crore, State Forest Corporation at Rs 113.04 crore, HPM

TMS Ep479: MDI, privatisation drive stalled, jewellery stocks, and more

What does multidimensional poverty report mean for India? Why has the government's privatisation drive stalled? Will stocks of gold jewellery retailers sustain their rally? What are sponge cities?

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

Is the govt going slow on privatisation?

Barring Air India, the govt has made little progress on the disinvestment front. But, why? This report offers a peek into the government's disinvestment drive and tells why it is in the slow lane?

Congress to protest against Centre over unemployment, privatisation

Congress is planning to launch agitation against the Centre in January over rising unemployment and privatisation

SAIL chief Soma Mondal is new chairperson of SCOPE

SCOPE is an apex professional organization representing the Central Public Sector Enterprises (CPSEs)

Fifth tranche of economic package: 7 measures announced by FM today

The fifth and last set of measures focuses on MGNREGA, health and education (rural and urban), businesses, decriminalisation of Companies Act, etc

Key policy steps taken by NDA govt this year to revive a sagging economy

Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track

BPCL privatisation: Govt has no business to be in business, says Pradhan

Currently, 95 per cent of retail petrol and diesel sales and near 100 per cent of cooking gas (LPG) and kerosene sales are controlled by the public sector units.

RSS think tank: Sale of Air India, BPCL against 'national interest'

The Modi government has proposed strategic sale in PSEs, including in profit making Bharat Petroleum Corporation Limited (BPCL), to meet its disinvestment target

Biggest privatisation drive: Here's how govt plans strategic sale of 5 PSUs

The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year

Best of BS Opinion: Real wage rate falls, consumption blues, and more

Here's a selection of Business Standard opinion pieces for the day

The roadblocks in the Modi govt's grand PSU disinvestment initiative

Employee resistance is just the tip of the iceberg. Slow pace of privatisation and lopsided approach in dealing with state-run enterprises are larger issues

Back to more govt staff, more PSU outlay

In the first three years of Mr Modi's first term, he did remarkably well in reducing the headcount of government staff in various central ministries to 3.23 million

When a soft state privatises, it clings on to the public-sector deadwood

While privatising markets serves a purpose, PSUs competing in those markets should either perform, or be allowed to die or be sold