Synopsis
The CAG noted that deviations from the provisions of accounting standards in preparation of financial statements in 27 CPSEs were noticed by the statutory auditors, while it pointed out such deviations in 10 CPSEs.
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Compared to the previous year, holding of the central government in equity of CPSEs registered a net increase of Rs 40,370 cror.
India’s national auditor has said that 247 central public sector enterprises (CPSEs) earned profit of Rs 1.78 lakh crore during 2018-19, of which 73% was contributed by 63 companies in sectors of petroleum, coal and lignite and power.
However, The Comptroller Auditor General (CAG) flagged that 189 CPSEs had accumulated losses of Rs 1.4 lakh crore as on March 31, 2019, of which net worth of 77 companies had been completely eroded due to the accumulated losses.
Port Trusts, Railways, Posts out of purview of new PSE policy
By IANS |
Published on
Tue, Feb 9 2021 20:27 IST |
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Cabinet may take up new disinvestment policy soon.. Image Source: IANS News
New Delhi, Feb 9 : Major Port Trusts, the Airports Authority of India, the Indian Railways and Posts along with regulatory bodies and companies engaged in welfare activities are among the classes of public sector entities which are out of the purview of the new PSE policy for Aatmanirbhar Bharat .
The Department of Disinvestment and Asset Management (DIPAM) under the Finance Ministry has circulated a list of such PSEs to all ministries and departments of the Central government under the new PSE policy for Aatmanirbhar Bharat.
The core group of secretaries discussed monetisation of pipeline of GAIL, IOC, HPCL in yesterday s meeting along with monetisation of 30 addtional assets.
The project will cost around ₹458 crore.
The Kolkata airport has started building a new air traffic control tower and a technical block with upgraded technology and enhanced capacity, the Airports Authority of India (AAI) said on Tuesday. This construction project will cost around ₹458 crore, the AAI said in a statement. The AAI, which works under the Ministry of Civil Aviation, owns and operates more than 100 airports in the country. The Netaji Subhash Chandra Bose International Airport in Kolkata is one of them.
“With more than 50 metres of height, the new building (at the Kolkata airport) will be equipped with advanced digital technology in the field of communication and air traffic system,” the AAI noted.