Employee strength dips by 4.6 percent: Public Enterprises Survey -Governance Now

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

₹10 lakh penalty on Ola for pre-ride ‘tip’ feature

The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹10 lakh on ANI Technologies Private Limited, which operates the ride-hailing platform Ola, for soliciting additional payments from consumers before completion of their journeys through its pre-ride ‘tip’/‘add-o

Retail inflation crosses 6% mark

Retail inflation based on Consumer Price Index for October has reached 6.09%, whereas year-on-year food inflation, based on Consumer Food Price Index, for October is 8.94%, an official release said on Thursday. Year-on-year inflation rate based on All India Consumer Price I

Cabinet approves museum at North-South Block complex

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi, at an estimated total project cost of ₹3,230 crore, as appraised by the Public Investmen

Cabinet approves extension of Noida metro corridor

The Union Cabinet, chaired by prime minister Narendra Modi, has approved the extension of Aqua Line Metro Rail Corridor from Noida Sector-51 to Greater Noida Sector-04 of Noida Metro Rail Project with corridor for a length of 8.449 km with 5 elevated stations. On operationalization of this corridor, Noid

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex