Timely closure of sick, loss-making central public sector un

Timely closure of sick, loss-making central public sector units a must


New Delhi, January 30
The Economic Survey tabled in the Lok Sabha on Friday by Finance Minister Nirmala Sitharaman stressed on the need for timely closure of sick and loss making Central Public Sector Enterprises (CPSEs) and disposal of their assets.
According to the pre-budget document, as of January 15, 2021, 110 CPSEs in the country are in a defunct state. In addition, there are 77 CPSEs that have been identified as loss-making.
As many as 256 CPSEs out of total 366 in the country are operational, the Economic Survey reported. 171 CPSEs booked profit during FY20. The total profit was Rs 1.38 lakh crore. On the other hand the consolidated loss of loss-making enterprises was Rs 44,816 crore.

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