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22 State PSEs earned Rs 3,289.58 cr profit in '21-'22

As many as 22 State Public Sector Enterprises (SPSEs) earned a total profit of Rs 3,289.58 crore during the Financial Year (FY) 2021-22, the Comptroller and Auditor General of India (CAG) said.

 

In its audit report on State Finances, the CAG said as on March 31, 2022, there were 82 SPSEs ....

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Government to provide Rs 15k cr to states for capital expenditure


Government to provide Rs 15k cr to states for capital expenditure
Finance Ministry has decided to provide an additional amount of up to Rs 15,000 crore to states as interest free 50-year loan for spending on capital projects.
  |  1 May 2021 7:58 AM GMT
NEW DELHI: Finance Ministry has decided to provide an additional amount of up to Rs 15,000 crore to states as interest free 50-year loan for spending on capital projects.
The Department of Expenditure has issued fresh guidelines in this regard on the Scheme of Financial Assistance to States for Capital Expenditure for the financial year 2021-22.
The Finance Minister in her budget speech had announced that the Centre would take measures to nudge states to spend more on infrastructure and to incentivise disinvestment of their public sector enterprises. ....

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