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Government to focus on improve performance of CPSEs: DIPAM Secretary The Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey has said that the focus of the government will be to improve the performance of Central Public Sector Enterprises (CPSEs) with a view to not to push disinvestment just to meet targets maximise wealth creation and. He said the market capitalisation of 77 listed public sector entities, which include banks, insurance companies and CPSEs, has jumped 4 times in the last three years to about Rs 73 lakh cro...
Government to focus on improve performance of CPSEs: DIPAM Secretary
Government to focus on improve performance of CPSEs: DIPAM Secretary
Source: Accord Fintech
2024-07-26 03:38:06 pm
Government relaxes norms governing public expenditure exceeding Rs 500 crore during Q4FY24 In order to give a push to the economy, the government has relaxed norms governing public expenditure exceeding Rs 500 crore during the fourth quarter (January-March) of the current financial year. Instructions to this effect were issued by the finance ministry through an office memorandum last week. According to a memorandum, the relaxation is aimed at providing a ‘fillip to public expenditure’. The relaxation is subject to strict adherence to the Single Nodal Agency (SNA)/Cen...
Government relaxes norms governing public expenditure exceeding Rs 500 crore during Q4FY24
Government relaxes norms governing public expenditure exceeding Rs 500 crore during Q4FY24
Source: Accord Fintech
2024-01-02 01:42:57 pm
PSU stock indices outperform in trade PSU stocks are the top gainers in trade on Tuesday notching up gains of up to 11 per cent. BSE CPSE index is the best performing index with several PSU stocks rallying. HOCL is up 11 per cent, Mazagaon Dock is up 8 per cent, MSTC is up 8 per cent, GRSE is up 7 per cent, NLC India is up 6 per cent, Bharat Dynamics is up 5 per cent, NMDC is up 4 per cent. The global rally in December led by US market has lifted most markets significantly and India was fortunate to have the lift from the s...
PSU stock indices outperform in trade
PSU stock indices outperform in trade
Source: IANS
2023-12-26 02:17:55 pm
Centre rakes in Rs 26,644 cr as dividend from CPSEs The central government has realized Rs 26,644 crore as dividend receipts from the Central Public Sector Enterprises (CPSEs) so far (as on December 4) during the current financial year, the Finance Ministry said on Wednesday. Dividend payouts by CPSEs have been increasing over the last three years and have exceeded the revised budget estimates in 2020-21, 2021-22 and 2022-23, it added. Rising dividend payments by CPSEs such as ONGC, OIL India, NTPC and Coal India, help to bolster governm...
Centre rakes in Rs 26,644 cr as dividend from CPSEs
Centre rakes in Rs 26,644 cr as dividend from CPSEs
Source: IANS
2023-12-20 12:25:40 pm
Coal Ministry to work jointly with Ministry of New & Renewable Energy to promote green energy With an aim to promote green energy, Ministry of Coal and Ministry of New & Renewable Energy are all set to work together. During  secretary-level joint meeting between the two ministries, it was decided that Ministry of  New & Renewable Energy will provide technical, policy & capacity building support and Ministry of  Coal will provide land, capital and undertake implementation of solar energy, green hydrogen and  other renewable energy projects. In the hig...
Coal Ministry to work jointly with Ministry of New & Renewable Energy to promote green energy
Coal Ministry to work jointly with Ministry of New & Renewable Energy to promote green energy
Source: Accord Fintech
2023-10-30 01:48:08 pm
Government to hold conference on PSUs on Monday The government will be holding a two-day long roundtable conference on issues related to administrative mechanism for resolution of commercial disputes (AMRCD) and corporate social responsibility (CSR) of public sector undertakings (PSUs) as well as aspects related to MoUs here on Monday.The conference is being conducted by the Department of Public Enterprises with the support of central public sector enterprises (CPSEs) and in association with SCOPE.Minister of State for Finance Bhagwat Kara...
Government to hold conference on PSUs on Monday
Government to hold conference on PSUs on Monday
Source: IANS
2023-09-25 10:05:21 am