Latest News on Cpses
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Cpses - Total results - 20
Apr 16, 2019
State-run companies to get 12 months to sell non-core assets, failure may lead to budget cutsThe Department of Investment and Public Asset Management (DIPAM) Monday issued the guidelines for monetisation of non-core assets of CPSEs and immovable enemy properties
Apr 02, 2019
Govt preparing list of profit-making arms of central public sector enterprises for listingThe Finance Ministry is in the process of shortlisting profit-making subsidiaries of CPSEs having a minimum stipulated net-worth, which can be listed on the stock exchanges, an official said
Mar 28, 2019
PFC completes REC acquisition, pays Rs 14,500 cr to govt; deal helps meet disinvestment target for current fiscalPFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.
Mar 01, 2019
Cabinet clears procedure, mechanism to monetise enemy properties, CPSE's non-core assetsThe institutional framework for monetisation of the assets could also be used by other CPSEs, PSUs, government organisations and loss-making or sick CPSEs.
Feb 04, 2019
Govt to begin process to monetise non-core assets of state-owned companies from AprilThe Department of Investment and Public Asset Management (DIPAM) has been drafting an asset monetisation framework, which will lay down the procedures for the administrative ministries to follow in selling off CPSE assets
Jan 28, 2019
Central public sector enterprises to implement 10% quota for economically weaker sections from 1 FebruaryThe Constitutional amendment to provide the 10 percent quota to the EWS among the general category received assent of Ram Nath Kovind on 12 January
Dec 27, 2018
Indian Oil, ONGC, NTPC emerge as most profitable PSUs in FY18; BSNL, Air India and MTNL incur highest lossesThe Public Enterprises Survey 2017-18 revealed that the top ten loss making PSUs claimed 84.71 percent of the total losses made by all the 71 CPSEs.
Sep 07, 2018
Finance ministry shortlists 11 CPSEs for share buyback in the ongoing financial yearAs per the guidelines, CPSEs having net worth of at least Rs 2,000 crore and cash and bank balance of above Rs 1,000 crore have to mandatorily go in for share buyback.
Jul 17, 2018
Steel ministry announces pension scheme for CPSEs; move to benefit about 1.5 lakh employeesThe pension scheme is estimated to cost an additional financial burden of Rs 540 crore.
Jun 04, 2018
Government could lower stake in CPSEs to 49%; proposal will not include firms that are of strategic importanceThe government has set a timeline of three years to lower its stake in most central public sector enterprises (CPSEs).