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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Om Birla attends swearing-in of new B'desh PM, says India stands ready to support BNP govt
New Delhi (PTI): Lok Sabha Speaker Om Birla on Tuesday attended the swearing-in ceremony of new Bangladesh Prime Minister Tarique Rahman in Dhaka, and said India stands ready to support Bangladesh's endeavours to build a democratic, progressive and inclusive nation.
Separately, the speaker called on the new Bangladesh prime minister and conveyed the wishes of Prime Minister Narendra Modi.
He also handed over an invitation from Prime Minister Modi to Rahman to visit India, officials said here.
“Glad to attend the swearing-in ceremony of the new government of Bangladesh led by Prime Minister Tarique Rahman in Dhaka today. India stands ready to support Bangladesh’s endeavours to build a democratic, progressive and inclusive nation,” Birla posted on X.
Bangladesh High Commissioner to India, Riaz Hamidullah, said in a post on X, “Prime Minister Tarique Rahman conveys his greetings to India and PM Narendra Modi to the visiting India Lok Sabha Speaker Om Birla at a courtesy meet following the swearing-in of the new government.
“Speaker Birla conveyed wishes and an invitation to India. Both leaders expressed optimism to work together for the well-being of the people of Bangladesh and India, pursuing a people-centric menu of cooperation.”
Birla also met Maldives President Mohamed Muizzu, Bhutan Prime Minister Tshering Tobgay and other leaders on the sidelines of the event.
Led by Rahman, the Bangladesh Nationalist Party (BNP) swept to power with a two-thirds majority with 49.97 per cent votes and 209 seats in the polls held on February 12, results for which were declared on February 13.
The Jamaat-e-Islami, which was opposed to Bangladesh's independence from Pakistan in 1971, registered its best-ever performance with 31.76 per cent votes and 68 seats.
The National Citizen Party (NCP) secured the third-highest number of seats, six, and 3.05 per cent votes.
Bangladesh had invited Narendra Modi to the ceremony, but the prime minister could not attend the event as he was scheduled to hold talks with French President Emmanuel Macron in Mumbai on Tuesday.
On reaching Dhaka, Birla said the swearing-in of Rahman was an important moment that would strengthen people-to-people relations and shared democratic values between the two neighbours.
“Honoured to be in Dhaka representing India at the swearing-in ceremony of the new government led by Tarique Rahman as the prime minister. It's an important moment that will strengthen people-to-people ties and shared democratic values between our two nations,” Birla said.
Birla was accompanied by Foreign Secretary Vikram Misri and other officials.
