Economic Survey 2016: Contribution of CPSEs like ONGC dipped by Rs 20,000 crore in FY15

NEW DELHI: The contribution of Central Public Sector Enterprises ( CPSEs) to the exchequer decreased by nearly Rs 20,400 crore to Rs 2,00,584 crore in 2014-15, the Economic Survey said today.

The CPSEs had contributed Rs 2,20,981 crore to the central exchequer in 2013-14.

"This was mainly on account of a decrease in their contribution to dividend, corporate tax and custom duty in 2014-15," as per the 2015-16 report card of the state of the economy tabled by Finance Minister Arun Jaitley in Parliament.

CPSEs contribute to the central exchequer by way of dividend payment, interest on government loans and payment of taxes and duties.

There was, however, an increase in the CPSEs contribution to excise duty, dividend tax, sales tax and service tax.

Besides, ONGC, Coal India, NTPC, National Mineral Development Corporation (NMDC) and Power Finance Corporation were the top five profit-making CPSEs during 2014-15.

On the other hand, Bharat Sanchar Nigam Ltd, Air India, Mahanagar Telephone Nigam Ltd, Hindustan Photo Films Manufacturing Company and Mangalore Refinery and Petrochemicals were the top five loss-making CPSEs.

The net profit of profit making (157) CPSEs stood at Rs 1,30,363 crore in 2014-15, while net loss of loss-making (77) CPSEs stood at Rs 27,360 crore.

Out of 298 CPSEs under the administrative control of various ministries/departments, 235 were in operation and 63 were under construction upto December 2015.