BSNL, Air India, MTNL highest loss-making PSUs in 2018-19; ONGC most profitable: Survey
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.
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Mumbai: The Maharashtra Assembly elections have witnessed a fierce battle for power, with the BJP-led Mahayuti alliance aiming to retain its position and the Maha Vikas Aghadi (MVA) coalition striving for resurgence. As counting begins today, 23rd November 2024, 4,140 candidates are in contention for 288 seats. Among these, 234 are general-category seats, while 29 are reserved for Scheduled Castes and 25 for Scheduled Tribes. Here are five constituencies to watch closely:
1. Worli:
Milind Deora (Shiv Sena - Shinde faction), Aaditya Thackeray (Shiv Sena UBT), and Sandeep Deshpande (MNS) are contesting. Aaditya Thackeray, the incumbent, is known for his hands-on approach during the pandemic. Milind Deora, a former minister, appeals to urban voters, while Deshpande focuses on infrastructure and housing issues.
2. Baramati:
Ajit Pawar (NCP) and Yugendra Pawar (NCP - Sharad Pawar faction) are in the fray. Ajit Pawar has held this seat since 1991, while Yugendra Pawar, mentored by Sharad Pawar, is making his debut in this traditional stronghold.
3. Vandre East:
Zeeshan Siddique (NCP) and Varun Sardesai (Shiv Sena UBT) are the key contenders. Siddique is popular among young voters and the Muslim community, while Sardesai has strong ties to Shiv Sena's traditional base.
4. Nagpur South West:
Devendra Fadnavis (BJP) and Praful Gudadhe (Congress) are contesting. Fadnavis seeks his fourth consecutive term, leveraging his development initiatives, while Gudadhe may attract voters dissatisfied with urban infrastructure and public services.
5. Kopri-Pachpakhadi:
Eknath Shinde (Shiv Sena) and Kedar Dighe (Shiv Sena UBT) are in a tough contest. Shinde, the current chief minister, highlights his mentor Anand Dighe’s legacy, while Dighe’s nephew, Kedar, challenges him in this Thane constituency.
The election campaign saw prominent leaders, including PM Narendra Modi, Amit Shah, Rahul Gandhi, and Priyanka Gandhi Vadra, actively canvassing across the state.
