Latest news with #CPSEs
Time of India
21-07-2025
- Business
- Time of India
CAG flags governance issues among central public sector enterprises
The CAG flagged corporate governance lapses in CPSEs, noting that 26 of 71 listed firms had improper board composition, 55 lacked independent directors, and 20 had no woman directors. The 2021–22 review also found CSR shortfalls in 14 firms. While CPSE losses dropped to ₹31,347 crore, they paid ₹1.11 lakh crore in dividends, with ₹54,381 crore going to the Centre. Tired of too many ads? Remove Ads The CAG has flagged concerns over corporate governance issues among the central public sector enterprises (CPSEs), saying that out of the 71 listed CPSEs, 26 had inadequate board composition, 55 lacked the required number of independent directors and 20 did not have a woman director on their CAG submitted a report on the financial performance of CPSEs in Parliament on Monday, reviewing the finance and corporate governance of government entities for 2021-22. The report also said that many CPSEs failed to meet corporate social responsibility (CSR) spending targets, with 14 CPSEs allocating less than 2% of their net profit towards CSR activities. A total 121 central public sector enterprises and corporations declared a dividend of ₹1.11 lakh crore for 2021-22, out of which the Centre received Rs₹54,381 crore, according to the losses incurred by government companies and corporations decreased to Rs 31,347 crore in 2021-22.
United News of India
19-07-2025
- Business
- United News of India
DPE organised a workshop for adoption of Industry 4.0 in CPSEs
New Delhi, July 19 (UNI) Department of Public Enterprises (DPE), Ministry of Finance, Government of India organized a day-long workshop on Industry 4.0 here. This event was intended to bolster smart manufacturing and innovation. Guests from different domains, including policymakers, experts from Central Public Sector Expertise (CPSE), exchanged their insights on the key ongoing trends of Industry 4.0 technologies, including sectors like Energy, Power, Construction, Infrastructure, Telecom & Services. In his inaugural address yesterday, K. Moses Chalai ( Secretary, Department of Public Enterprises) stressed the importance of General Purpose Technologies or GPT in embracing the fourth industrial revolution as a national mission. Moses urges all CPSEs to integrate advanced technologies, including Artificial Intelligence (AI), Internet of Things (IoT), Digital Twins, 3D Printing, and 5G-enabled infrastructure. Expert presentations at the sessions started by A. Anand (Deployment Expert) by sharing his extensive experience in the domain of Digital Designing, Reverse Engineering, and 3D printing across different industries. This workshop has active participation from CMDs or the Director of leading CPSEs. Concluding the workshop, DPE showed its commitment towards supporting CPSEs in leveraging Industry 4.0. This event highlighted a significant move towards integrating technology across the CPSE ecosystem. UNI SAS BM
Time of India
19-07-2025
- Business
- Time of India
Industry 4.0 should be adopted in CPSEs for global competitiveness: Govt
New Delhi: Industry 4.0 is being considered for future incorporation into the Central Public Sector Enterprise (CPSE) MoU assessment framework, and that early adoption will be key to enhancing global competitiveness, the government has said. In a strategic step towards fostering innovation and smart manufacturing , the Department of Public Enterprises (DPE), Ministry of Finance, organised a workshop on Industry 4.0 here, which brought together experts, policymakers, and leadership of CPSEs to discuss strategies for adoption and scaling up of Industry 4.0 technologies across sectors like Energy, Power, Construction, Infrastructure, Telecom and Services. K. Moses Chalai, Secretary, Department of Public Enterprises, emphasised the importance of embracing the Fourth Industrial Revolution (4IR) as a national mission. In his address, Chalai underscored the need for a "Whole-of-CPSEs" (WoC) approach - on the lines of the "Whole-of-Government" framework - urging all CPSEs to collaborate in integrating 4IR enablers such as Artificial Intelligence (AI), Internet of Things (IoT), Digital Twins , 3D Printing, and 5G-enabled smart infrastructure into their operations. As part of expert presentations at the workshop, A. Anand, a deployment expert, shared rich experience in applications and field deployment of Digital Designing, Reverse Engineering, and 3D Printing across industry verticals, drawing from India's first 5G Labs and 3D Printing Centres of Excellence. Dr. Prabhjot Singh Sugga, Associate Professor at SPA, highlighted the transformative potential of Digital Twin platforms in infrastructure, plant management, and disaster resilience and Vidushi Chaturvedi, an AI expert, spoke on leveraging Artificial Intelligence and Machine Learning for predictive analytics, resource optimisation, and intelligent decision-making. The DPE reiterated its commitment to support CPSEs in leveraging Industry 4.0 for operational excellence and sustainable development. The workshop marks a significant step toward realising this vision through collective efforts and strategic implementation across the CPSE ecosystem, according to the government.
Mint
19-07-2025
- Business
- Mint
Finance Ministry organises workshop on industry 4.0 adoption, digital transformation in CPSEs
New Delhi [India], July 19 (ANI): In a strategic step towards fostering innovation and smart manufacturing, the Department of Public Enterprises (DPE), Ministry of Finance, organised a Workshop on Industry 4.0 in New Delhi. The workshop, organised on Friday, aimed to discuss strategies for the adoption and scaling up of Industry 4.0 technologies across various sectors, including Energy, Power, Construction, Infrastructure, Telecom, and day-long workshop brought together experts, policymakers, and leadership of Central Public Sector Enterprises (CPSEs), a release by the Finance Ministry stated. The workshop was inaugurated by K Moses Chalai, Secretary, Department of Public Enterprises, who briefly touched upon General Purpose Technologies (GPT) and emphasised the importance of embracing the Fourth Industrial Revolution (4IR) as a national mission. In his address, he underscored the need for a "Whole-of-CPSEs" (WoC) approach -- on the lines of the "Whole-of-Government" framework -- urging all CPSEs to collaborate in integrating 4IR enablers such as Artificial Intelligence (AI), Internet of Things (IoT), Digital Twins, 3D Printing, and 5G-enabled smart infrastructure into their operations. He noted that Industry 4.0 is also being considered for future incorporation into the CPSE MoU assessment framework, and that early adoption will be key to enhancing global competitiveness. As part of expert presentations at the workshop, A Anand, deployment expert shared rich experience in applications and field deployment of Digital Designing, Reverse Engineering, and 3D Printing across industry verticals, drawing from India's first 5G Labs and 3D Printing Centres of Excellence; Dr Prabhjot Singh Sugga, Associate Professor at SPA, highlighted the transformative potential of Digital Twin platforms in infrastructure, plant management, and disaster resilience; and Ms. Vidushi Chaturvedi, an AI expert, spoke on leveraging Artificial Intelligence and Machine Learning for predictive analytics, resource optimisation, and intelligent decision-making. Experience-sharing sessions by CPSEs such as Powergrid, HSCC, and BSNL showcased successful pilots in AI-driven maintenance, digital simulation, and 3D printing-enabled supply chains. The workshop saw active participation from CMDs and Directors of leading CPSEs -- including NTPC, NHPC, GAIL, CONCOR, IRCTC, RITES, AAI, and WAPCOS -- who engaged in interactive discussions on strategic roadmaps, capacity building, and sector-specific adoption of Industry 4.0. The deliberations reaffirmed the relevance of 4IR technologies across key sectors like Oil & Gas, Railways, Mining, Health, Handlooms, and Infrastructure, as outlined in the DPE Concept Paper and Adoption Potential Matrix shared during the DPE reiterated its commitment to support CPSEs in leveraging Industry 4.0 for operational excellence and sustainable development. The workshop marks a significant step toward realising this vision through collective efforts and strategic implementation across the CPSE ecosystem. This round of workshops will be organised in different regions of the country with CPSEs located in these regions. It is expected to be completed within August 2025. (ANI)
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Business Standard
18-07-2025
- Business
- Business Standard
Govt nod needed for foreign contractors in offshore atomic minerals mining
The new Offshore Areas Atomic Minerals Operating Right Rules, 2025, notified on Thursday to regulate the exploration and mining of atomic minerals like uranium and thorium in offshore areas, has restricted the sector to government entities and companies nominated by the Centre and mandated prior approvals for foreign contractors. The new rules notified under the Offshore Areas Mineral (Development and Regulation) Act, 2002, are aimed at unlocking India's offshore atomic mineral potential and also lay down security and environmental safeguards. These norms will apply only when atomic minerals like uranium or thorium are found in an offshore area, either alone or mixed with other minerals, but only if their concentration is above a certain minimum level, called the threshold value. If the amount of atomic mineral present is below the threshold, then the area will be regulated under a different set of rules, namely the Offshore Areas Operating Right Rules, 2024. The threshold value is based on the percentage of atomic minerals in the ore. While central public sector enterprises (CPSEs) or nominated agencies can be granted exploration licences or production leases for atomic minerals found in India's exclusive economic zone (EEZ). Private companies can participate only if expressly nominated by the Centre. 'In case foreign domiciled entities or foreign entities or contractors, personnel, vessels or equipment are engaged or deployed, for undertaking exploration operations, prior approval shall be obtained from the Government authorities,' the rules mandate. Moreover, licensees would be required to restore affected marine and coastal areas soon after project completion. The licensee shall, within six months after the expiry or termination of the composite licence, take all necessary steps enabling the natural rehabilitation of the seabed affected by exploration operations, the rules specify.
