CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the Public Enterprises Survey, which of the following is among the highest loss-making PSUs in 2018-19?
A
Air India
B
ONGC
C
NTPC
D
IOC
Explanation: 

Detailed explanation-1: -The loss-making entities include HMT Machine Tools, a subsidiary of HMT Ltd, Rajasthan Electronics and Instruments, Bharat Heavy Electricals Ltd (Bhel), NEPA, Hindustan Salts, Sambhar Salts, Andrew Yule and Co. Ltd, Heavy Engineering Corp. Ltd and Cement Corp. of India.

Detailed explanation-2: -Loss of 70 loss making CPSEs stood at Rs. 31, 635 crore in 2018-19 compared to Rs. 32, 180 crore in 2017-18 showing decrease in losses by 1.69 %.

Detailed explanation-3: -At the top of the list is state-run Oil & Natural Gas Corporation (ONGC) with a net profit of Rs 40, 306 crore.

Detailed explanation-4: -The net profit of operating public sector enterprises jumped 50.87 per cent to Rs 2.49 lakh crore during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers, according to a government survey.

There is 1 question to complete.