Diversification of portfolios by PSUs Proposals for diversification of portfolios to maintain business performance are taken up by the Boards of Central Public Sector Enterprises (CPSEs) with the approval of competent authority after considering their techno-economic feasibility and viability. In addition, the Boards of Maharatna and Navratna CPSEs have been delegated powers, inter-alia, to (i) incur capital expenditure without Government approval on purchase of new items or for replacement, to take up new projects, modernization, etc., (ii) make equity investment to establish financial joint ventures and wholly owned subsidiaries, and (iii) undertake mergers & acquisitions subject to laid down conditions. The Boards of Maharatna and Navratna CPSEs have also been delegated powers to raise debt from domestic and international markets. This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises Shri Babul Supriyo in reply to a written qu...

Highlights of the Monthly Account of the Government of India upto October 2017 The Monthly Account of the Government of India upto October 2017 has been consolidated and reports published. Highlights of the same are given below: The Government of India has received Rs.7,67327 crore (47.9% of corresponding BE 17-18 of Total Receipts) upto October 2017 comprising Rs. 6,33,617 crore Tax Revenues (Net to Centre), Rs. 95,151 crore of Non-Tax Revenues and Rs.38,559 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans (Rs. 8,394 crore) and Disinvestment of PSUs (Rs. 30,165 crore). Rs.3,37,280 crore has been transferred to the State Governments as Devolution of Share of Taxes by Government of India in this period. Total Expenditure incurred by Government of India is Rs.12,92,648 crore (60.2% of corresponding BE 17-18), out of which Rs.11,29,853 crore is on Revenue Account and Rs.1,62,795 crore is on Capital Account. Out of the total Revenue Expenditure, R...