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CPSES REPORT
PSU closure: Govt sets in motion new move after years wasted in stop-start processThe Centre is pushing ministries to accelerate the closure of unprofitable state-owned companies. Progress has been slow despite a policy a...
LIC emerges as highest profit-making financial company in Jan-Mar quarterLast week, LIC reported a 23 per cent jump in net profit to record Rs 23,420 crore in the just concluded March quarter as compared to Rs 19...
LIC emerges as highest profit-making financial company in March quarterLife Insurance Corporation of India has achieved the highest profit in the Indian financial sector for the March quarter. The company repor...
Balmer Lawrie shares tumble 6% after board says no to bonus issue, stock split & share buyback proposalsBalmer Lawrie & Company's shares fell over 6% after the board decided against a proposed bonus issue, stock split, and share buyback, citin...
Stronger push for accountability: Evaluation tightened, faltering CPSEs to face strict penaltiesNew performance rules for central public sector enterprises have come into effect. Strict penalties will be applied for not meeting corpora...
Total 53 CPSEs without CMD, 70% Independent director post vacantA parliamentary panel has identified a significant managerial crisis within Central Public Sector Enterprises. Many CPSEs are operating wit...
CAG flags governance issues among central public sector enterprisesThe CAG flagged corporate governance lapses in CPSEs, noting that 26 of 71 listed firms had improper board composition, 55 lacked independe...
Report card for 90 CPSEs likely in OctoberThe government plans to assess the performance of 90 Central Public Sector Enterprises in 2024-25. This evaluation will commence in October...
Central PSUs witness cut in total employment; 2.7 lakh jobs down since 2013India's public sector enterprises have seen a significant shift in employment patterns over the past decade, according to the Public Enterp...
10 CPSEs report profit in 2020-21: Heavy Industries Minister"Under the Ministry of Heavy Industries, fifteen CPSEs are operational and twenty-eight others are under various stages of closure/liquidat...
Sick PSU units must get reasonable revival chances: Parliamentary panelIn its report, the Department Related Parliamentary Standing Committee on Industry said it is always prudent to keep in mind that CPSEs are...
Uniform policy in the works to shut loss-making CPSEsThe new policy will detail a plan for central assistance on loans for payment of salaries, wages and statutory dues to sick companies.
State run company executives in for a pay hike in 2017The 3rd PRC will give its report in six months and the government decision on the recommendations of the Committee will take effect from Ja...
CAG audit states that CPSEs did not issue bonus sharesIn its audit report, the CAG has noted that in case of eight CPSEs, managements are yet to amend Articles of Association to provide for buy...
Economic Survey 2016: Contribution of CPSEs like ONGC dipped by Rs 20,000 crore in FY15ONGC, Coal India, NTPC, National Mineral Development Corporation (NMDC) and Power Finance Corporation were the top five profit-making CPSEs.
Government suffers a shortfall of Rs 2,555 crore in dividend income from CPSEs in 2013-14CAG has pointed out that the government had to suffer a shortfall of Rs 2,555 crore in dividend income from central public sector enterpris...
Panel recommends formation of company to revive sick PSUs: Government"The Committee has submitted its report in October 2014. The report has given, inter alia, an analysis of sick CPSEs and recommended format...