DPE brings out 60th annual Public Enterprises Survey 2019-20

What is the News?

The Department of Public Enterprises (DPE), Ministry of Finance has released the Annual Public Enterprises Survey 2019-20.

Brief history of the Public Enterprises (PE) survey:

1. The Estimates Committee in its 73rd Report (2nd Lok Sabha) in Financial Year 1959-60 recommended that there should be a detailed report highlighting the performance of CPSEs.
2. The Bureau of Public Enterprises under the Ministry of Finance (now Department of Public Enterprises in the Ministry of Finance) drafted the first Public Enterprises Survey in the Financial Year 1960-61. 

Public Enterprises Survey 2019-20 

1. The Public Enterprises Survey 2019-20 is the 60th publication in this series. It provides essential statistical data for all CPSEs from various perspectives.
2. Sectors Covered:  The Survey divides CPSEs into five sectors namely:
   1. Agriculture
   2. Mining & Exploration
   3. Manufacturing, Processing & Generation
   4. Services
   5. Enterprises Under Construction.

Findings of the Survey:

1. Out of the total 366 CPSEs as of March-end 2020, 256 were operational, 96 were under construction, and 14 were under liquidation.
2. The net profit of central public sector enterprises (CPSEs) has decreased by  34.6% year-on-year (YoY) in the financial year 2019-20 (FY20). This was mainly attributed to a sharp reduction in the profits of petroleum refiners.