PSUs invest funds in line with approved business plans -Governance Now

PSUs invest funds in line with approved business plans

Department of Public Enterprises does not centrally maintain the data on the funds invested by various PSUs in foreign projects

GN Bureau | March 21, 2017

#PSU #CPSE

The board of directors of Central Public Sector Enterprises (CPSEs) take decisions as per the delegated powers to invest funds, said minister of state in the ministry of heavy industries and public enterprises Babul Supriyo in reply to a written question in the Lok Sabha on Tuesday.

It is based on their investment needs and in line with their approved business plans with the approval of the administrative ministry/department/ expenditure finance committee/cabinet committee on economic affairs wherever required.

Department of Public Enterprises does not maintain the data centrally on the funds invested by various PSUs in foreign projects.

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