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

On a personal note: DIVINE

An underground rapper who grew up on Mumbai streets, Divine spins his music around his environment and poverty. His breakout single, ‘Meri Gully Mein’, along with fellow rapper Naezy caught Bollywood’s attention. The Hindi film ‘Gully Boy’ is inspired by their lives and gr

The role model for an IAS officer

Anil Swarup, an IAS officer of Uttar Pradesh cadre who retired in 2018, is a model bureaucrat who retained his optimism right till the end of service and exemplified dedication and commitment. His excitement at the opportunities that a job in the IAS provided is evident on every page of his new book publis

Reform of the civil services: At home and away

The question of reform of the civil services has been debated extensively at all levels at least over the last five to six decades after independence. Indeed, it was soon perceived that the Indian Administrative Service (IAS) may not be well equipped to deal with the problems of an emerging developing coun

The greatest challenge for any government

Shouting vengeance at all and sundry while wriggling out of holes of our own making seems to be our very special national characteristic. Some recent instances are illustrative of this attribute. A number of business tycoons with thousands of crores of unresolved debts have fled abroad with the government

The mysterious case of CBI’s legality

The Central Bureau of Investigation (CBI) came into existence, based on a Resolution of the home ministry, dated April 1, 1963 – a sheer coincidence that it also happens to be April Fool’s day. Over the past few months, we have seen the CBI live up to its founding day with great zeal, being i

The Evolution of Modi

Gujarat was passing through a turbulent phase in the 1980s. The decade began middle class agitations against new reservation policies, and the caste friction turned communal under the watch of chief minister Madhavsinh Solanki, alienating majority of urban population on both counts. The ground was ripe for

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter