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22 State PSEs earned Rs 3,289 58 cr profit in 21- 22

As many as 22 State Public Sector Enterprises (SPSEs) earned a total profit of Rs 3,289.58 crore during the Financial Year (FY) 2021-22, the Comptroller and Auditor General of India (CAG) said.   In its audit report on State Finances, the CAG said as on March 31, 2022, there were 82 SPSEs

Government to provide Rs 15k cr to states for capital expenditure

Government to provide Rs 15k cr to states for capital expenditure Finance Ministry has decided to provide an additional amount of up to Rs 15,000 crore to states as interest free 50-year loan for spending on capital projects.   |  1 May 2021 7:58 AM GMT NEW DELHI: Finance Ministry has decided to provide an additional amount of up to Rs 15,000 crore to states as interest free 50-year loan for spending on capital projects. The Department of Expenditure has issued fresh guidelines in this regard on the Scheme of Financial Assistance to States for Capital Expenditure for the financial year 2021-22. The Finance Minister in her budget speech had announced that the Centre would take measures to nudge states to spend more on infrastructure and to incentivise disinvestment of their public sector enterprises.

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