The Comptroller and Auditor General of India is the supreme audit institution of India, established under Article 148 of the Constitution of India. They are empowered to audit all receipts and expenditure of the Government of India and the State Governments, including those of autonomous bodies and corporations substantially financed by the government. The CAG is also the statutory auditor of Government-owned corporations and conducts supplementary audit of government companies in which the government has an equity share of at least 51 percent or subsidiary companies of existing government companies. The CAG is also the statutory auditor of the Lokpal.
The economy of Kerala is the 9th largest in India, with an annual gross state product (GSP) of ₹9.78 lakh crore in 2020–2021. Per-capita GSP of Kerala during the same period is ₹257,711 (US$3,200), the sixth largest in India. In 2019–20, the tertiary sector contributed around 63% of the state's GSVA, compared to 28% by secondary sector, and 8% by primary sector.
Hindustan Newsprint Ltd. (HNL) was a government company in the Indian Central Public Sector. HNL was incorporated under the Companies Act, 1956, on 7 June 1983, in Kottayam district, Kerala. HNL is a former fully owned subsidiary of Hindustan Paper Corporation Limited (HPC) which is fully owned by Government of India. It is now a public sector undertaking under Government of Kerala. It was renamed as Kerala Paper Products Limited (KPPL) in 2021.
Coal India Limited (CIL) is an Indian central public sector undertaking under the ownership of the Ministry of Coal, Government of India. It is headquartered at Kolkata. It is the largest government-owned-coal-producer in the world. It is also the ninth largest employer in India with nearly 272,000 employees.
Bharat Petroleum Corporation Limited (BPCL) is an Indian Multinational public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 792nd on Forbes's "Global 2000" list in 2021.
HLL Lifecare Limited (HLL) is an Indian healthcare product manufacturing company based in Thiruvananthapuram, Kerala, India. It is a Government of India-owned corporation.
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.
Bengal Chemicals & Pharmaceuticals Ltd. (BCPL), formerly Bengal Chemical & Pharmaceutical Works Ltd. (BCPW), is an Indian central public sector undertaking under the ownership of Ministry of Chemicals and Fertilizers, Government of India. lt manufactures industrial chemicals, pharmaceuticals like antibiotic injectables, tablets and capsules; and household products.
Bharat Pumps & Compressors Limited (BPC) is a central public sector undertaking under the ownership of Ministry of Heavy Industries, Government of India. The psu manufactures Reciprocating pumps, Centrifugal pumps, Reciprocating compressors, and high pressure seamless Gas cylinders. Headquarters in Allahabad.
Fertilizer Corporation of India Limited (FCIL) is a public sector undertaking in India under the ownership of Ministry of Chemicals and Fertilizers, Government of India.
NBCC (India) Limited, formerly known as National Buildings Construction Corporation is a company that is a public sector undertaking (PSU) under the Ministry of Housing and Urban Affairs, Government of India.
Public Sector Undertakings (PSU) or Public Sector Enterprises (PSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state governments or Joint venture between multiple Public Sector Enterprises. Depending on the level of government ownership, they can be broadly categorised as Central PSUs or State PSUs. These entities include government companies, statutory corporations, banking institutions, and departmentally run companies. PSUs are officially classified into three categories, which are Central Public Sector Enterprises (CPSE) and Public Sector Banks (PSB) owned by the central government or other CPSEs/PSBs, and State Level Public Enterprises (SLPE) owned by state governments or other SLPEs. CPSE is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSEs are granted the status of Maharatna, Navaratna, and Miniratna.
The Oriental Insurance Company Ltd. (OICL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in New Delhi, the company has 29 regional offices and more than 2,000 active branches nationwide. It also has branches in Nepal, Kuwait, and Dubai that together yielded a Gross Premium of ₹377.70 crore (US$47 million) during the year 2022-23. It recorded a gross premium of ₹15,993 crore (US$2.0 billion) in the financial year 2022–23.
Disinvestment in Public sector undertakings in India is a process of public asset sales done by the President of India on behalf of the Government of India. It can be directly offered for sale to the private sector or indirectly done through a bidding process. The Public Enterprises Survey (2015–16), brought out by the Department of Public Enterprises, Ministry of Heavy Industries, & Government of India on the performance of Central Public Sector Enterprises was placed in both the Houses of Parliament on 21 March 2017. There were 331 CPSEs in 2017-18, out of which 257 were in operation. The remaining 74 of the CPSEs were being established.
Kerala Electrical & Allied Engineering Co. Ltd., also known as KEL, is one among the largest productive public sector undertaking, fully owned company by the Government of Kerala. The company was founded in 1964 and is based in Kochi, India.
MSTC Limited is a central public sector undertakings under the Ministry of Steel, Government of India. It is involved in diversified e-commerce services. Its corporate office is in Kolkata, West Bengal with regional branch offices in various other cities. The company reported a net profit of INR 112.95 crore for fiscal year 2020-21. Incorporated on 9 September 1964, MSTC has 344 employees.
The Kerala Ceramics Limited is a fully owned Government of Kerala ceramics products manufacturing company, situated at Kundara in Kollam city, India. The company produce earthenware and spray dried coating grade as well as filler grade Kaolin for paint, paper manufacturing industries.
Disinvestment in India is a policy of the Government of India, wherein the Government liquidates its assets in the Public sector Enterprises partially or fully. The decision to disinvest is mainly to reduce the fiscal burden and bridge the revenue shortfall of the government. The key engine in achieving growth in India during post-independence was played by Public Sector Enterprises (PSE). Among other responsibilities of PSE's post-independence, the social and developmental obligations of the nation were most important, which resulted in these units escaping competitive race. Later on the activities of the PSU's were divergent, concentrating towards more non-core areas like hotels and consumer goods among others. Further, the public enterprises were used as tools for political and bureaucratic manipulation; which was consequential in low capacity utilization, reduced productivity, failure to innovate, and complex decision-making processes on vital issues of development.
