Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty has said that the pension schemes, such as the National Pension System (NPS) and Atal Pension Yojana (APY), have added 97 lakh new subscribers in 2023, taking the total subscriber base to 7.03 crore as of December 31, 2023. Of the total subscribers, 5.3 crore … Read more
The Centre has asked states to complete fresh audits of all state public sector enterprises (SPSEs) and submit them electronically by the end of June, officials said. “Many SPSEs were not filling their annual accounts and the audit process was not very prompt. We have asked all the states to make the whole process electronic … Read more
Niti Aayog has decided to empanel transaction advisor for monetisation of assets and carry forward the process of disinvestment of public sector enterprises. In this connection, the government think-tank Niti Aayog has floated request for proposals (RFP) from eligible entities. The Aayog is hand-holding the respective asset owners — the statutory bodies, public sector enterprises … Read more
New Delhi: The government will rely on proceeds from buybacks and dividends from public sector enterprises to shore up non-tax revenues as key strategic divestments, including Air India and BPCL, are likely to conclude only in the next financial year, said officials. However, the additional proceeds would still be much less than adequate to meet … Read more