Monday 29 April 2013

Public Sector Organizations: Revenue of Rs 18 lakh crore

Past in the 2011-12 fiscal year, Public sector companies earnings, was Rs 18.20 lakh crore. This is the value of gross domestic product, as 34.8 percent, President Pranab Mukherjee, in New Delhi on the occasion said. 
Cash Balance : The performance is much better in Federal Government owned Public sector companies. From the public sector, 50 companies were listed on the stock markets. These capital raising funds to the stock market as 7.30 lakh crore rupees have been invested in past 2012 to March period. In computational financial year, public sector companies export earnings was Rs.1.20 lakh crore. It is the country's total export of 8.5 percent. 
Revenue : Central government earned a revenue of Rs 1.60 lakh crore (Divident, Tax, Interest income) from Public Sector profitable companies. This is the total revenue of the central government, which is 21.4 per cent., However, in the public sector, 66 companies are listed as low income. However steps have been taken to improve the income of the respected companies.  
Economic growth : The country's economy growth in the next two or three years will be 7 to 8 percent. Over the past 10 years the country's economy, had an average of 7.9 percent.But, it is only in the last fiscal year of 2012-13, it fell to 5 percent. Central government will take corrective measures to the next two to three years and 7 to 8 percent economic growth will be achieved.

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