Home >Politics >Policy >PSUs’ contribution to central exchequer fell 3% to 3.5 lakh crore in FY’18
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Photo: Mint

PSUs’ contribution to central exchequer fell 3% to 3.5 lakh crore in FY’18

In 2016-17, CPSEs' contribution to the exchequer stood at 3,60,815 crore

New Delhi: The contribution of state-owned firms to the central exchequer by way of excise duty, customs duty, GST, corporate tax, dividend and others fell 2.98 per cent to 3,50,052 crore in 2017-18, according to a survey tabled in Parliament Thursday.

In 2016-17, CPSEs’ contribution to the exchequer stood at 3,60,815 crore.

The dividend declared or paid by such firms in the last fiscal stood at 76,578 crore against 78,129 crore in 2016-17, as per the Public Enterprises Survey 2017-18. “It has been observed that the return on net worth is highest in the mining and exploration sector (14.77 per cent) followed by manufacturing, processing and generation (14.34 per cent), services (5.04 per cent), while agriculture sector has shown negative (-39.3 per cent) return on net worth," said the survey.

The central public sector enterprises (CPSEs) employed 10.88 lakh people excluding casual and contractual workers in 2017-18 compared to 11.35 lakh in 2016-17, showing a fall of 4.14 per cent in employee strength, it said.

However, the salary and wages of all CPSEs stood at 1,57,621 crore in 2017-18 against 1,40,956 crore in the previous year, exhibiting a growth of 11.82 per cent. The total market capitalisation (m-cap) of 52 CPSEs traded on stock exchanges was 15.22 lakh crore as on March 31, 2018, registering a marginal increase of 0.21 per cent from 15.19 lakh crore in the previous year. The Corporate Social Responsibility (CSR) expenditure of such firms stood at 3,442.42 crore in 2017-18 against 3,338.21 crore in the previous financial year, an increase of 3.12 per cent.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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