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

Understanding immunity: How to boost it during Covid-19

In a first, the Department of Home Science, Sri Padmavati Mahila Visvavidayalam (Women’s University) Tirupati, Andhra Pradesh, recently organized an international webinar on “Nutrition and Immune System Support during COVID-19 Pandemic”. Speakers included eminent national and internationa

Covid-19: India’s recovery rate improves to 59.43%

Even as Unlock enters the second phase, the number of Covid-19 infections continues to rise to record levels and India remains No 4 in the worldwide list, yet there is glimmer of hope: its recovery rate is also rising in tandem. There are 1,27,864 recovered cases more than the active Covid-1

Coming soon at a station near you: private trains!

A long-debated idea is finally coming to fruition as the Indian railways has decided to join hands with the private sector, in running some train services to begin with. The ministry of railways has invited ‘request for qualifications’ (RFQ) for private participation for operatio

A place of local democracy in pandemic governance: The case of Mumbai

Democracy in India is now taken for a fact, with an unstated assumption that all our institutions are democratic and hence often our successes and more often failures are attributed to ‘democracy’. However, a key frontier where democracy remains a challenge is that of local governments and that

Why TikTok, other apps were banned: “Engaged in anti-India activities”

India, facing China’s aggressiveness at border, has banned 59 smartphone apps, including TikTok, as they were indulging in activities harmful to India’s sovereignty and integrity. The reason cited was: “in view of information available they are engaged in activities which [

Gaganyaan mission not affected by pandemic

The launch of India’s first human space mission, ‘Gaganyaan’, will not be affected by Covid-19 and preparations are going on in the right direction even amid the pandemic. This was disclosed by minister of state (independent charge) development of north eastern region (DoNE



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter