CPSE

Dividend receipts from CPSEs likely to cross Budget target

September 23, 2023 5:14 am

The Rs 59,000 crore receipts in FY222 and FY23,  despite the government reducing its stake in several CPSEs,  were aided by higher commodity prices and the policy of the department of investment and public asset management (Dipam) of nudging CPSEs to give higher dividends.

Govt gets Rs 5,001 crore dividend from ONGC; total dividend from CPSEs reaches Rs 23,797 crore so far in FY23

November 28, 2022 4:40 pm

The DIPAM, in 2020, advised CPSEs to follow a consistent dividend policy and strive to pay higher dividends taking into account factors like profitability, capex requirements, cash/reserve and net worth.

At 20%, CPSEs’ capex pace strong, yet below target

December 27, 2021 12:28 am

Capex by these state-run entities, each with annual investment budget of over Rs 500 crore, was 52 per cent of their aggregate capital expenditure target of Rs 5.96 lakh crore for FY22 in April-November period.

Govt asks CPSEs to pay higher dividends

November 14, 2020 12:56 am

Some CPSEs have also been asked to undertake share buyback, as mandated by the new rules for companies that have net worth of over Rs 2,000 crore and cash and bank balance of over Rs 1,000 crore

FM Sitharaman pushes large CPSEs to meet 75% of FY21 capex target by December

October 19, 2020 4:46 pm

She held a virtual meeting with secretaries of coal and petroleum & natural gas, along with the chairman and managing directors (CMDs) of 14 CPSEs belonging to these ministries, an official statement said.

CPSEs clear dues worth Rs 13,400 crore to MSMEs in last 5 months: Govt

October 19, 2020 11:58 am

The micro, small and medium enterprises (MSME) Ministry this month has written to the top management of over 2,800 corporates by name to make payment of pending dues of MSMEs, an official statement said.

FinMin asks central PSUs to pay 30% dividend, issue bonus shares

January 08, 2016 1:09 am

The government is finding it tough to adhere to fiscal deficit target of 3.9 per cent of GDP in view of likely shortfall in direct tax collections and disinvestment receipts.

Govt eyes bonus debentures to transfer cash from CPSEs

February 11, 2015 1:11 am

Govt eyes R5,000 cr via exchange traded funds of PSUs

January 20, 2015 1:51 am

While no fresh PSUs can be added to the CPSE-ETF basket, official said that efforts are on to make it a more friendly product for retail investors.

Now invest in public sector companies through ETF route

March 03, 2014 12:44 am

Rs 5,000 is all you need to invest in CPSE ETF, which the government is set to float.