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Geological Survey of India has been digging for lithium for last 5 years The recent announcement by the government about the discovery of the largest reserves of lithium in the country triggered a lot of hope and curiosity. While nearly 5.9 million tonnes of lithium reserves have been discovered in Reasi district of Jammu and Kashmir; however, during the last five years, the Geological Survey of India (GSI), an attached office of the Ministry of Mines, has carried out 20 projects on lithium and associated elements in Andhra Pradesh, Arunachal Pradesh, Bihar, ...
Geological Survey of India has been digging for lithium for last 5 years
Geological Survey of India has been digging for lithium for last 5 years
Source: IANS
26/02/2023 10:58:32 AM
Finance Ministry asks departments, CPSEs to refund 95% of MSMEs securities till March 2022 The Finance Ministry has asked all departments and Central Public Sector Enterprises (CPSEs) to refund 95 per cent of the performance or bid security and liquidated damages forfeited/deducted from small and medium businesses in government tenders for over two years till March 31, 2022. To give relief to micro, small and medium enterprises (MSMEs), Finance Minister Nirmala Sitharaman in 2023-24 Budget announced 'Vivad se Vishwas-I' scheme which provides that in cases of failure by M...
Finance Ministry asks departments, CPSEs to refund 95% of MSMEs securities till March 2022
Finance Ministry asks departments, CPSEs to refund 95% of MSMEs securities till March 2022
Source: Accord Fintech
7/02/2023 11:35:47 AM
The Economy Observer : The struggle of state finances By Motilal Oswal Financial Services The struggle of state finances * The Centre’s finances look fairly manageable, despite the considerable capex push, led by strong growth in tax revenue, while non-tax revenue has expectedly declined. This, however, is not the case for the states, where healthy revenue growth has been met by increased focus on revenue expenditure, with capex actually down 3% YoY – with state borrowings being lower as a result (down 27% FYTD). * While the Centre has largely taken the baton to ...
The Economy Observer : The struggle of state finances By Motilal Oswal Financial Services
The Economy Observer : The struggle of state finances By Motilal Oswal Financial Services
Source: Emkay Global Financial Services Ltd
27/12/2022 2:25:39 PM
The Economy Observer : The curious case of fiscal investments By Motilal Oswal Financial Services Ltd The curious case of fiscal investments Higher central government capex a reflection of lower CPSE capex * Central government’s capex has surged notably over the past 18 months or so. At the same time, the government has done a laudable job of improving the transparency and coverage of fiscal accounts. Accordingly, it has taken some off-budget capex into its books, which made the comparison tricky over the past 2-3 years. Similarly, government’s capital spending also includes...
The Economy Observer : The curious case of fiscal investments By Motilal Oswal Financial Services Ltd
The Economy Observer : The curious case of fiscal investments By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
29/11/2022 3:50:20 PM
WAPCOS Ltd, under Jal Shakti Ministry, files for IPO WAPCOS Ltd, a central public sector enterprise, under the administrative control of the Ministry of Jal Shakti and engaged in engineering consultancy services and construction in the fields of water, power and infrastructure sectors for businesses and communities in India and overseas, has filed initial papers with the market regulator for its proposed Initial Public Offering (IPO). The public issue with a face value of Rs 10 per equity share is a complete offer-for-sale (OFS) of up to 32,...
WAPCOS Ltd, under Jal Shakti Ministry, files for IPO
WAPCOS Ltd, under Jal Shakti Ministry, files for IPO
Source: IANS
27/09/2022 9:57:04 AM
ONGC, IRCTC among 21 PSEs running without full-time heads As many as 21 central public sector enterprises (CPSEs) including Maharatna entity ONGC, Navratnas Oil India Ltd (OIL), and Bharat Electronics Ltd (BEL) and Indian Railway Catering and Tourism Corporation Ltd (IRCTC), among others, are functioning without a full-time head. In some cases, the top posts have been lying vacant for as long as 18 months. According to sources in the Department of Public Enterprises, the country's biggest oil refining company ONGC is without a Chairman and...
ONGC, IRCTC among 21 PSEs running without full-time heads
ONGC, IRCTC among 21 PSEs running without full-time heads
Source: IANS
20/08/2022 12:44:31 PM
Nippon India MF introduces Nifty AAA CPSE Bond Plus SDL- Apr 2027 Maturity 60:40 Index Fund Nippon India Mutual Fund (MF) has launched Nippon India Nifty AAA CPSE Bond Plus SDL- Apr 2027 Maturity 60:40 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty AAA CPSE Bond Plus SDL Apr 2027 60:40 Index with Relatively High interest rate risk and Relatively Low Credit Risk. The NFO opens for subscription on March 22, 2022 and closes on March 23, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in m...
Nippon India MF introduces Nifty AAA CPSE Bond Plus SDL- Apr 2027 Maturity 60:40 Index Fund
Nippon India MF introduces Nifty AAA CPSE Bond Plus SDL- Apr 2027 Maturity 60:40 Index Fund
Source: Accord Fintech
22/03/2022 12:45:49 PM
NLMC to be setup for monetisation of CPSE's surplus land, buildings A National Land Monetisation Corporation (NLMC) will be set up to undertake the monetisation of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other government agencies. Accordingly, the decision was taken by the Union cabinet to set up NLMC as a wholly owned Government of India company with an initial authorised share capital of Rs 5,000 crore and paid-up share capital of Rs 150 crore. The decision was based on a proposal made as a Budget Announcement...
NLMC to be setup for monetisation of CPSE's surplus land, buildings
NLMC to be setup for monetisation of CPSE's surplus land, buildings
Source: IANS
9/03/2022 4:24:18 PM
Centre receives Rs 6,600 cr as dividend from 12 CPSEs The Centre has received over Rs 6,600 crore as dividend tranches from a dozen central public sector enterprises. Of the said dividend, Nuclear Power Corporation of India Limited has paid Rs 972 crore, and Power Grid Corporation of India paid Rs 2,506 crore, Secretary, Department Of Investment & Public Asset Management, Tuhin Kanta Pandey, said, in a series of tweets on Monday. Besides, the Centre has received about Rs 1,605 crore and Rs 913 crore from the NMDC and GAIL, respectively...
Centre receives Rs 6,600 cr as dividend from 12 CPSEs
Centre receives Rs 6,600 cr as dividend from 12 CPSEs
Source: IANS
18/01/2022 11:10:44 AM
Axis MF introduces CPSE Plus SDL 2025 70:30 Debt Index Fund Axis Mutual Fund (MF) has launched the Axis CPSE Plus SDL 2025 70:30 Debt Index Fund, an open-ended Target Maturity Index Fund investing in constituents of CRISIL IBX 70:30 CPSE Plus SDL-April 2025 with a moderate interest rate risk and relatively low credit risk. The NFO opens for subscription on January 10, 2022 and closes on January 20, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter. Th...
Axis MF introduces CPSE Plus SDL 2025 70:30 Debt Index Fund
Axis MF introduces CPSE Plus SDL 2025 70:30 Debt Index Fund
Source: Accord Fintech
10/01/2022 12:16:35 PM
CPSEs under Ministry of Power incur capex of Rs 40395.34 crore till December Ministry of Power in its latest report has said that CPSEs under Ministry of Power have incurred capital expenditure (capex) of Rs. 40395.34 crore till the month of December during FY2021-22, 47% higher than the expenditure incurred during the corresponding period of FY 2020-21. The report further noted that thus, the capex performance of the Ministry is significantly better compared to the previous year. It also showed that the CPSEs have also collectively met 80% of the capex target of F...
CPSEs under Ministry of Power incur capex of Rs 40395.34 crore till December
CPSEs under Ministry of Power incur capex of Rs 40395.34 crore till December
Source: Accord Fintech
7/01/2022 1:48:47 PM
SBI MF introduces CPSE Bond Plus SDL Sep 2026 50:50 Index Fund SBI Mutual Fund (MF) has launched the SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty CPSE Bond Plus SDL Sep 2026 50:50 Index with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on January 03,2022 and closes on January 17, 2022. The Entry load is not applicable for the scheme. The Exit Load will be 0.15% if redeemed on or before 30 days from the date of allotment an...
SBI MF introduces CPSE Bond Plus SDL Sep 2026 50:50 Index Fund
SBI MF introduces CPSE Bond Plus SDL Sep 2026 50:50 Index Fund
Source: Accord Fintech
3/01/2022 3:46:06 PM
Profit of CPSEs decline 21% in FY20 The net profit of Central Public Sector Enterprises (CPSE) in FY 2019-20 stood at Rs 1,74,286 crore, 20.8 per cent lower than the previous fiscal, as per the Public Enterprises Survey 2019-20. As per the report, a total of 171 CPSEs reported a profit during FY20, compared to 179 companies in FY19. "Net orofit of profit-making CPSEs stood at Rs 1,38,112 crore in Financial Year 2019-20 (171 CPSEs) against Rs 1,74,286 crore in Financial Year 2018-19 (179 CPSEs), showing a decrease of ...
Profit of CPSEs decline 21% in FY20
Profit of CPSEs decline 21% in FY20
Source: IANS
12/08/2021 9:26:31 AM