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GOVERNMENT REGULATIONS CPSES
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...- Discom legacy dues drop to Rs 3,300 crore from Rs 1.39 lakh crorePower distribution companies have drastically cut their old dues. Legacy arrears have fallen from over Rs 1.39 lakh crore to just Rs 3,300 ...
- Govt plans gradual 6.5% divestment in mega insurer LIC: ReportThe government plans to divest its stake in LIC through multiple smaller tranches via the offer for sale (OFS) route, aiming to give retail...
- 247 CPSEs earned profit of Rs 1.78 lakh crore in FY19: CAGThe CAG noted that deviations from the provisions of accounting standards in preparation of financial statements in 27 CPSEs were noticed b...
- Govt asks PSUs to speed up trade receivable compliancesVarious ministries exercising administrative controls over these corporates have been asked to monitor progress and ensure compliance withi...
- Most CPSEs yet to use TReDS to pay vendorsOnly 32 of the 255 central public sector enterprises (CPSEs) mandated by the government to settle vendor dues on TReDS have made some trans...
- Govt to advise CPSEs to defer fixed charges not waive them“There will be guidance issued from the power ministry to CPSEs for deferring the fixed charges for electricity not drawn and collecting it...
- Government decides not to fiddle with regulated power tariffThe power ministry is now considering giving broad guidelines to the CPSEs but it will not fiddle with regulated revenue, specifically RoE,...
- Irdai okays debt ETFs of CPSEs as eligible class of investment for insurersThe instruments have been permitted as eligible class of investment, according to guidelines issued by the insurance regulator.
- Plan to list 10 CPSEs in current fiscal: DIPAM SecyThe companies which are lined up for IPO include THDCIL, RailTel, TCIL, Water & Power Consultancy Services and FCI Aravali Gypsum.
- Central public sector enterprises to merge or list subsidiariesThe plan entails arresting losses incurred by subsidiaries of state-run enterprises.
- Government looking at REITS model to monetise land assets of CPSEs, enemy propertyThe finance ministry is looking at innovative Real Estate Investment Trusts (REITs) model for sale of land assets of CPSEs and also those w...
- FinMin extends deadline for debt ETF bids from advisers till July 2In the revised proposal, DIPAM has tweaked the eligibility criteria for bidders.
- Finance Ministry may transfer 5 sick CPSE shares to SNIF fund to meet Sebi normThese companies have time till August 21 to meet the 25 per cent public shareholding norm.
- Five companies granted Maharatna status: GovtThe government today said out of the seven Central Public Sector Enterprises (CPSEs) which have applied for the coveted Maharatna tag, five...
- PSUs may sell 50% of hydel power locallyThe government is considering allowing state-owned power companies such as NHPC and Satluj Jal Vidyut Nigam (SJVNL) to sell up to 50% elect...
- Number of Directors on the Boards likely to be cappedCompanies like SAIL, Bhel, IOC and Hindustan Aeronautics (HAL) may soon have to do some pruning at the top management level.
- PSU department faults directive on bank depositsThe department of public enterprises (DPE) has sought a clarification from the finance ministry on its recent directive asking all central ...
- WB, OECD won't get to rate co governanceThe government has said it would not allow either the World Bank or the Organisation for Economic Cooperation and Development (OECD) to rat...
- DPE plans data bank of directorsThe need for a data bank was felt by the department as many CPSEs have been facing difficulties getting themselves listed on the bourses as...
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