(a) whether Public Sector Undertakings are running into losses due to high input cost;
(b) if so, the details thereof along with the reaction of the Government thereto PSU-wise;
(c) whether the Government has fixed the responsibility of any official in this regard;
(d) if so, the details thereof and if not, the reasons therefor; and
(e) the steps being taken by the Government in this regard?
THE MINISTER OF STATE FOR HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
(SHRI BABUL SUPRIYO)
(a) to (e): As per information available from the Central Public Sector Enterprises (CPSEs), there were 71 CPSEs which have incurred losses in the year 2017-18. The details of losses of loss making CPSEs are given in Annex. The reasons for losses vary from CPSE to CPSE. Some common reasons for losses in CPSEs include resource crunch, low productivity, unsustainable business operations, old and obsolete plant & machinery, outdated technology, low capacity utilization, excess manpower, poor market conditions, stiff competition, heavy interest burden, high input cost etc. The concerned administrative Ministries / Departments regularly review the performance of the CPSEs under their control and take appropriate steps as they consider necessary.
The day to day functioning and strategic management of CPSEs is handled by the Board of Directors and the respective administrative ministries. Monitoring and evaluation of the performance of CPSEs is also done annually through the MoU system.
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