Concessions given to two PSUs

The CPSEs are incurring losses due to number of factors such as poor order book, shortage of working capital, surplus manpower, obsolete plant and machinery

GN Bureau | February 8, 2017


#PSU   #Rajya Sabha   #Central Public Sector Enterprises   #Babul Supriyo  

Two Central Public Sector Enterprises (CPSEs) under the Department of Heavy Industry (DHI) have been given concessions.

The CPSEs under DHI are incurring losses due to number of factors such as poor order book, shortage of working capital, surplus manpower, obsolete plant and machinery and difficulty to adjust to changing market conditions, said Minister of State in the Ministry of Heavy Industries and Public Enterprises Babul Supriyo in reply to a written question in the Rajya Sabha on Wednesday.

 

  • Cement Corporation of India (Rajban Unit in Himachal Pradesh) has been availing 100% excise duty exemption since 2010. It has availed excise duty concession amounting to Rs.7.37 crore and Rs.9.02 crore in the year 2014-15 and 2015-16 respectively.


 

  • Hindustan Paper Corporation Ltd. was in receipt of grant for meeting its additional operational costs on account of transportation. It has availed grant amounting to Rs.83.50 crore and Rs.50.00 crore during 2015-16 and 2016-17 respectively.

Comments

 

Other News

`Bad Bank`: All you wanted to know about NARCL

The cabinet has cleared the formation of ‘National Asset Reconstruction Company Limited’ (NARCL) which will acquire “stressed assets” of about Rs. 2 Lakh crore in phases within RBI regulations in order to address the problem of humongous amounts of bad loans in public sector banks.

Citizens Charter: How this less-known law empowers us

When consumer rights and RTI activist Mohammad Afzal was shifting to a new residence in a different area, he required changes in various documents. He decided to take the help of the Citizens Charter along with other friends who also required similar work with authorities. The Citizens Chart

Minister for Ports, Shipping & Waterways emphasises on setting up of National Transport Facilitation Committees

Union Minister for Ports, Shipping & Waterways and AYUSH, Sarbananda Sonowal has underlined the importance of cross-border connectivity among India and developing nations of South-East Asia. Addressing the ASEAN summit on Future of India-ASEAN Connectivity Partnerships virt

Ministry of Finance organises advance training programme in PPP for states

The Department of Economic Affairs (DEA), Ministry of Finance and the Indian Institute of Management Bangalore has organised a virtual advance level training programme on Public-Private Partnership. Additional Secretary DEA, K Rajaraman, Joint Secretary, DEA, Baldeo Purushartha

Ministry of Agriculture signs MoUs for Digital Agriculture

Modernisation of the Agriculture sector will continue by infusing new technologies so that farmers can increase their income, states Agriculture Minister Narendra Singh Tomar. The Ministry of Agriculture and farmer welfare has signed MOUs for pilot projects with Cisco, Ninjacar

An enabling ecosystem for R&D is a must: Vice President

The Vice President, M. Venkaiah Naidu has stressed the need to create an enabling ecosystem for R&D for India to become a developed nation. He urged educational institutions to have an incr

Visionary Talk: GVL Narasimha Rao, Member of Parliament, Rajya Sabha on Upcoming UP Elections


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter