New Delhi, Feb 10: ONGC, Indian Oil Corporation and NTPC were the top three profitable PSUs in 2018-19, whereas BSNL(Bharat Sanchar Nigam Limited), Air India and MTNL(Mahanagar Telephone Nigam Limited) incurred highest losses for a third consecutive year, according to a survey tabled in Parliament on Monday.
The Public Enterprises Survey 2018-19, which maps the annual financial performance of all central PSUs, revealed that the top 10 companies in the red claimed a whopping 94.04 per cent of the total losses made by all the 70 loss making CPSEs during the year.
The top three profit making PSUs including Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation and NTPC contributed 15.3 per cent, 9.68 per cent and 6.73 per cent, respectively to the total profit earned by all profitable CPSEs.
State Trading Corporation of India, MSTC and Chennai Petroleum Corporation which were profit making CPSEs in 2017-18, incurred losses in 2018-19 and also feature among the top ten loss- making firms, the survey found.
Total income of all CPSEs during 2018-19 stood at Rs 24,40,748 crore compared to Rs 20,32,001 crore in 2017-18, showing a growth of 20.12 per cent.
The contribution of CPSEs to the central exchequer by way of excise duty, customs duty, GST, corporate tax, interest on central government loans, dividend and other duties and taxes stood at Rs 3,68,803 crore in 2018-19 as against Rs 3,52,361 crore in 2017-18, showing an increase of 4.67 per cent.
The Department of Public Enterprises (DPE), Ministry of Heavy Industries & Public Enterprises, brings out the Public Sector Enterprises Survey on the performance of central public sector enterprises (CPSEs) every year.
As per the survey, there were total 348 CPSEs as on March 31, 2019 out of which 249 were operational. The remaining 86 were under construction and 13 were under closure or liquidation.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Bengaluru: Unaccounted cash to the tune of Rs 20.14 crore and alcohol worth over Rs 26 crore has been seized in Karnataka since the model code of conduct came into effect on March 16, the Election Commission said on Thursday.
Total seizures, which include various freebies, amount to Rs 60.38 crore, they said
The general elections in Karnataka will be held in two phases on April 26 and May seven for its 28 constituencies.
According to a statement issued by the office of Karnataka Chief Electoral Officer, since the Model Code of Conduct came into force, the flying squads, static surveillance teams and police authorities have seized Rs 20.14 crore cash, Rs 65.43 lakh freebies, 8.44 lakh litres of liquor worth over Rs 26.35 crore, 181.80 kg narcotic substances worth over Rs 1.33 crore, 14 kg gold worth over Rs 9 crore, 55.75 kg silver worth over Rs 26 lakh and 21.17 carat diamonds worth Rs 9 lakh among others.
They have also registered 909 cases with regard to seizure of cash, liquor, drugs, precious metal and freebies while 94,417 arms have been deposited, 882 arms were impounded, 15 arms licences have been cancelled, 7,819 cases were booked under preventive sections of CrPC, out of which 8,406 persons were bounded over.
The Excise Department has booked 922 heinous cases, 797 cases for breach of licence conditions, 49 NDPS (Narcotic Drugs and Psychotropic Substances Act) and 3,342 cases under Section 15 (a) of Karnataka Excise Act 1965 and also 535 different types of vehicles have been seized.