PSUs

Blacklisting of suppliers raises concerns on Jan Aushadhi drugs

Some of the suppliers whose drugs were labelled sub-standard include AMR Pharma India Private Limited, Modern Laboratories, Ravian Life Science and Maxchem Pharmaceuticals.

published on : 20th June 2019

Odisha Civil Supplies Corporation seeks hike in government capital

The delay in release of subsidy by the Centre every year has accentuated its financial stress further.

published on : 5th June 2019

PSUs mobilise aid for Odisha’s cyclone-hit areas

Companies such as NLCIL, SAIL, IOCL, NTPC, NALCO have all extended relief to the state which hosts several coal mines, power plants, aluminium units, and a large oil refinery.

published on : 9th May 2019

Now, PSUs to rescue government's failing strategic sale plan

The government's strategic sale initiative has not taken off well as a few cases that were brought out under the plan failed to attract investors.

published on : 5th May 2019

Are PSUs ready for disruption?

It’s the State finances that play a major role in boosting pioneering technology like space missions; but India’s PSUs needs to do more 

published on : 2nd May 2019

17 PSUs in Kerala register operational profit as 13 clock net profit

While TCC, KSDP, KELTRON and KSIDC raised their profits, Malabar Cements and SFIL made losses despite making gains at 2017-18.

published on : 11th April 2019

Converting debt to equity, Kerala government plans to throw ailing PSUs a lifeline

The proposal has come with a set of riders that the state will take equity only in those PSUs which can make profit if their debt is converted into equity.

published on : 9th February 2019

Introduce target system for PSUs, says Kerala Industries Minister E P Jayarajan

The officers who excel in their domain and meet the target should be given incentives, while those who become a liability to the unit cannot go in this manner anymore, he said.

published on : 25th January 2019

Big farmers, PSUs to be kept out of KALIA

As per the guidelines, Government and PSU employees, retired persons, income tax payers and farmers with big patches of land holding are not eligible to avail benefits under the scheme.

published on : 10th January 2019

PSU contributions to government exchequer fell 2.9 per cent in FY18

Public sector firms’ contribution, which includes excise duty, customs duty, Goods and Services Tax, income tax, corporate tax, dividend, fringe benefit tax and deferred tax, fell 2.98 per cent.

published on : 28th December 2018

Why are Delhi’s public sector undertakings floundering?

A deep dive into the financials of lesser-known state government PSUs, because many are unlisted and are not scrutinised by analysts, paints a telling picture on state of PSUs in the Delhi-NCR area.

published on : 20th December 2018

Peter buys PSU, pays Paul to plug deficit

When it comes to band-aid economics and accountancy, governments are at their creative best.

published on : 9th December 2018

Arun Jaitley defends loan write-offs; says they don't lead to waiver, recovery still pursued

Congress President Rahul Gandhi used the report to attack the government, saying demonetisation converted black money into white and Rs 3.16 lakh crore of loans were written off.

published on : 1st October 2018

Department of Public Enterprises​ to issue advisories to PSUs to implement strategic HR practices 

The move follows a study commissioned by the Department to identify gaps in the working of the central public sector enterprises (CPSEs) and recommend measures to revitalise them.

published on : 27th September 2018

RBI governor Urjit Patel to appear before Parliamentary panel

Last month, the Parliamentary Standing Committee on Finance met finance ministry officials to respond to queries on recent bank frauds and mounting NPAs.

published on : 17th May 2018