PSU' contribution to central exchequer falls 3% to Rs 3.5 lakh cr in FY'18: Survey

In 2016-17, CPSEs' contribution to the exchequer stood at Rs 3,60,815 crore.

Press Trust of India December 27, 2018 18:51:03 IST
PSU' contribution to central exchequer falls 3% to Rs 3.5 lakh cr in FY'18: Survey

New Delhi: The contribution of state-owned firms to the central exchequer by way of excise duty, customs duty, GST, corporate tax, dividend and others fell 2.98 percent to Rs 3,50,052 crore in 2017-18, according to a survey tabled in Parliament Thursday.

In 2016-17, CPSEs' contribution to the exchequer stood at Rs 3,60,815 crore.

The dividend declared or paid by such firms in the last fiscal stood at Rs 76,578 crore against Rs 78,129 crore in 2016-17, as per the Public Enterprises Survey 2017-18.

PSU contribution to central exchequer falls 3 to Rs 35 lakh cr in FY18 Survey

Representational image. Reuters.

"It has been observed that the return on net worth is highest in the mining and exploration sector (14.77 percent) followed by manufacturing, processing and generation (14.34 percent), services (5.04 percent), while agriculture sector has shown negative (-39.3 percent) return on net worth," said the survey.

The central public sector enterprises (CPSEs) employed 10.88 lakh people excluding casual and contractual workers in 2017-18 compared to 11.35 lakh in 2016-17, showing a fall of 4.14 percent in employee strength, it said.

However, the salary and wages of all CPSEs stood at Rs 1,57,621 crore in 2017-18 against Rs 1,40,956 crore in the previous year, exhibiting a growth of 11.82 percent.

The total market capitalisation (m-cap) of 52 CPSEs traded on stock exchanges was Rs 15.22 lakh crore as on March 31, 2018, registering a marginal increase of 0.21 percent from Rs 15.19 lakh crore in the previous year.

The Corporate Social Responsibility (CSR) expenditure of such firms stood at Rs 3,442.42 crore in 2017-18 against Rs 3,338.21 crore in the previous financial year, an increase of 3.12 percent.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Indian democracy passing through most difficult phase, says Congress chief Sonia Gandhi
Politics

Indian democracy passing through most difficult phase, says Congress chief Sonia Gandhi

The party announced a series of programmes against the "anti-farmer, anti-women, anti-poor and anti-people" policies of the BJP-led government at the Centre.

Centre will give govt employees cash vouchers instead of LTC to stimulate economy, says Nirmala Sitharaman
Business

Centre will give govt employees cash vouchers instead of LTC to stimulate economy, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman also announced additional capital spending and Rs 12,000 crore, 50-year interest-free loan to states.

Nirmala Sitharaman's LTC, festival schemes for Central employees cue for states to fix their finances
Business

Nirmala Sitharaman's LTC, festival schemes for Central employees cue for states to fix their finances

With many of the states already facing a fund crunch, they are going to be in more difficulty to match the Centre’s largesse.