The plan to include dividends and buybacks in the criteria for performance-linked pay of public sector employees exposes the Centre’s confused thinking about the companies it owns. The inter-ministerial committee, which proposed the change, thinks the addition of these two yardsticks to the extant one—market capitalisation—will help gauge “total return to shareholders.” On the face of it...

To ensure that central public sector enterprises (CPSEs) make use of the greater autonomy given to them by the Cabinet recently to take decisions of disinvest their subsidiaries and sell stakes in joint ventures, the government will link achievements in this regard to performance-related pay for the top brass and other employees of these companies. The guidelines for capital management will also b...

In a first, central public-sector enterprises (CPSEs) have turned out to be the biggest buyers on the government e-marketplace (GeM) portal, pipping central government ministries/departments and states.CPSEs bought goods and services worth Rs 45,971 crore through the GeM portal in FY22, having recorded a massive 553% jump from a year before, GeM chief executive PK Singh told FE. About 80% of the p...

The government has received Rs 413 crore as dividend tranches from five CPSEs, including NLC and NALCO. "Government has received Rs 78 crore and Rs 165 crore respectively from Antariksh corp and NLC as dividend tranches," DIPAM Secretary Tuhin Kanta Pandey tweeted.Besides, NBCC, Cochin Shipyard Ltd and NALCO have paid Rs 52 crore, Rs 24 crore and Rs 94 crore, respectively, as dividend tranches to ...