Central Public Sector Enterprises Current Affairs, GK & News

GeM Portal: 1 Lakh Crore Procurement

In the current fiscal year, goods and services procurement from the government portal GeM has crossed the mark of Rs 1 lakh crore. This occurred due to a growth in the buying activities by various departments and ministries. Overview: With this newly achieved figure, GeM has been ranked among the world’s top five systems for ..

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Recent Cabinet Approval

The Union Cabinet has approved the creation of a new company to monetize and hold surplus buildings and lands of PSUs and government agencies that are being shut down or being privatized. Overview: The National Land Monetisation Corporation (NLMC), the name given to this special purpose vehicle (SPV), will be set up as a wholly-owned ..

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Public Enterprises Survey: Air India, MTNL, BSNL highest loss makings PSUs in FY19

On February 10, 2020, the Department of Public Enterprises operating under Ministry of Heavy Industries tabled the “Public Enterprises Survey” on the parliament. The report says that the net profit from the PSUs has increased by 15.5% as compared to the previous year. Highlights The survey said that Indian Oil Corporation, NTPC and ONGC were ..

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Departments to Conduct Review of Govt Guarantees

The Ministry of Finance has asked all the departments to undertake a review of government guarantees given by respective ministries to their Central Public Sector Enterprises (CPSEs) or entities. Review of Government Guarantees The review will look into aspects like whether the discharge of repayment obligations or interest obligations as per terms of the loan ..

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Guidelines for Monetisation of Non-Core Assets of CPSEs

The Department of Investment and Public Asset Management (DIPAM) has issued the guidelines for monetisation of non-core assets of Central Public Sector Enterprises (CPSEs) and immovable enemy properties. Guidelines for Monetisation of Non-Core Assets An inter-ministerial group chaired by the secretary of DIPAM will identify the non-core assets of the CPSEs on its own and ..

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