Central Public Sector Enterprises (CPSEs) Current Affairs, GK & News

Mega exhibition on Nation Building and CPSEs

On June 9, 2022, Finance Minister Nirmala Sitharaman inaugurated the Mega exhibition- on Nation Building and Central Public Sector Enterprises (CPSEs). Highlights The exhibition was inaugurated at Mahatma Mandir in Gandhinagar Gujarat. This event is being organised as a part of ongoing celebrations of Azadi Ka Amrut Mahotsav. During the visit, Finance Minister was informed ..

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National Land Monetisation Corporation

According to Economic Survey, central government has set up a “National Land Monetisation Corporation” in a bid to FastTrack the monetisation of land and non-core assets of public sector entities. Key Facts As of now, CPSEs have referred 3,400 acres of land and other non-core assets for monetisation. Lands have been referred from CPSEs including ..

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Maharatna Status to Power Finance Corporation

Central Government has given “Maharatna” status to Power Finance Corporation (PFC). PFC has become the 11th state-owned entity in India to enter the Maharatna category. Key Points PFC now joins the ranks of other companies like ONGC, Steel Authority of India Limited (SAIL), BHEL and Indian Oil Corporation. PFC is the largest infrastructure company of India. ..

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Cabinet approves Rs1,624-cr subsidy for Shipping Companies

Union Cabinet has approved a scheme to provide Rs 1,624 crore as subsidy to Indian shipping companies. Highlights Subsidy will be provided for over five years. Global tenders for this scheme were floated by ministries and central public sector enterprises (CPSEs) for import of government cargo. About scheme Under this scheme, registration will be done ..

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Dept of Public Enterprises brought under Finance Ministry

Central government has decided to bring Department of Public Enterprises (DPE) under finance ministry. Key Points DPE was earlier under Ministry of Heavy Industries and Public Enterprises. It has been brought under finance minister in a bid to ease coordination regarding future disinvestment plans. Finance ministry now comprises of six departments, after inclusion of DPE. ..

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GoM will decide PSU count in strategic sectors: DIPAM Secretary

Recently, the Department of Investment and Public Asset Management (DIPAM) stated that a panel of Ministers would take final decision regarding the number of public sector companies that will be retained in each of the strategic sectors. The panel of ministers will comprise of Nirmala Sitharaman, the Finance Minister and Nitin Gadkari, the Road Transport ..

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