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

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in

How to transform rural landscapes, design 5G intelligent villages

Futuristic technologies such as 5G are already here. While urban users are reaping their benefits, these technologies also have a potential to transform rural areas. How to unleash that potential is the question. That was the focus of a workshop – “Transforming Rural Landscape:

PM Modi visits Rosatom Pavilion at VDNKh in Moscow

Prime minister Narendra Modi, accompanied by president Vladimir Putin, visited the All Russian Exhibition Centre, VDNKh, in Moscow Tuesday. The two leaders toured the Rosatom Pavilion at VDNKh. The Rosatom pavilion, inaugurated in November 2023, is one of the largest exhibitions on the histo

Let us pledge to do what we can for environment: President

President Droupadi Murmu on Monday morning spent some time at the sea beach of the holy city of Puri, a day after participating in the annual Rath Yatra. Later she penned her thoughts about the experience of being in close commune with nature. In a message posted on X, she said:

PM leaves for Russia, Austria

All eyes are on the Narendra Modi-Vladimir Putin meeting, as the prime minister left Monday for an official visit of Russia as also of Austria. In the ‘departure statement, the PM said, “I am embarking on an official visit to the Russian Federation for the 22nd Annual Summit and

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter