Employee strength dips by 4.6 percent: Public Enterprises Survey

A total of 257 out of 331 CPSEs were operational in 2016-17

GN Bureau | March 24, 2018


#PSU   #Public Enterprises Survey   #CPSE  

The Public Enterprises Survey (2016-17) was recently unveiled by the department of public enterprises under the ministry of heavy industries and public enterprises in both the houses of the Parliament.

According to the survey, 257 out of 331 CPSEs were operational in 2016-17.

The report stated that the total paid up capital in 331 CPSEs as on March 31, 2017 stood at Rs 2,33,112 crore as compared to Rs 2,04,763 crore, posting a growth of 13.84 per cent.

The survey revealed that the employee strength came down by 4.60 per cent in 2016-17 as compared to the last fiscal. The PSUs employed 11.31 lakh people (excluding contractual and casual workers) in 2016-17 against 11.85 lakh in 2015-16.

The total investment in all the enterprises was Rs 12,50,373  crore as on March 31, 2017 compared to Rs 11,61,019 crore in the same period of the last fiscal, recording a growth of 7.70 per cent.

Capital employed in all CPSEs stood at Rs 21,74,120 crore on March 31, 2017 compared to Rs 20,59,529 crore as on March 31, 2016, showing a growth of 5.56  per cent.

The overall net profit of 257 operating CPSEs stood at Rs 1,27,602 crore for 2016-17 FY compared to Rs 1,14,239 crore net profit of 244 operating enterprises in the previous fiscal of 2015-16.

 A total of 174 CPSEs posted net profit of Rs 1,52,647 crore in 2016-17 against Rs 1,44,998 crore by 164 PSUs in the 2015-16 fiscal.

The report stated that 82 operating CPSEs registered net loss of Rs 25,045 crore in 2016-17 against the net loss of Rs 30,759 crore by 79 PSUs in the previous financial year.


 

Comments

 

Other News

Careless whispers and the impossible trinity

Time can never mend, the careless whispers of …    As the RBI marches ahead, for the upcoming monetary policy meeting this June, whispers from the corridors echo around several policy options to defend the rupee – by deploying forex reserves, raising in

Bullet Train Project: Third mountain tunnel breakthrough achieved

A major engineering milestone has been achieved in the Mumbai–Ahmedabad Bullet Train Project with the successful breakthrough of the third mountain tunnel (MT-07) at Ambesari village in Dahanu Taluka of Palghar district, Maharashtra.   With this achievement, three mountain

Supreme Court gets five new judges

Five new judges were appointed to the Supreme Court of India on Monday. "Vide Notifications of even number dated 01.06.2026, in exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the Hon’ble President of India is pleased to appoint (i) Shri

Astonishing breadth and depth of ancient Indian knowledge systems

The Greatest Books of Ancient India: Incredible Ideas about Science, Music, Maths, Art and More By Dr. Pradeep Chakravarthy and Dr. R. Thiagarajan Hachette India, 208 pages, Rs 399  

Strong El Nino threat over India`s monsoon, food & water security

India is heading into the southwest monsoon season this year under the shadow of a rapidly strengthening El Nino, with meteorologists warning that the climate phenomenon could significantly disrupt rainfall patterns, intensify heat stress and place additional pressure on the country’s agriculture-d

How corporates can nudge real change

The Business Of Business Is (Not) Just Business: How Behavioural Tools Can Drive Real Change Edited by Sutapa Banerjee, with Foreword by Nadir Godrej HarperCollins, 336 pages, Rs 699  





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter