CPSEs should need mandatory listing of 10 per cent public ownership: Govt.

Posted By: Staff
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New Delhi, Nov 5(ANI): The Government on Thursday decided that all profitable listed Central Public Sector Enterprises (CPSEs) should meet the mandatory listing of 10 percent public ownership.

It has also been decided that all unlisted CPSEs having positive networth, no accumulated losses and having a net profit in the three preceding consecutive years should get listed on the stock exchanges.

The decision was disclosed by Union Home Minister P Chidambaram after the meeting of Cabinet Committee of Economic Affairs (CCEA).

The disinvestment proceeds would be channelized into the National Investment Fund (NIF).

The CCEA also fixed the Minimum Support Prices (MSPs) for rabi crops of 2009-2010 season to be marketed in 2010-11.

The MSP of wheat has been fixed at Rs.1100 per quintal marking an increase of Rs.20 per quintal over the last year's MSP.

The MSP of Barley has been fixed at Rs.750 per quintal and of Gram at Rs. 1760 per quintal marking an increase of Rs.70 per quintal and Rs.30 per quintal respectively over the last year's MSPs.

The MSP of Safflower has been fixed at Rs.1680 per quintal marking an increase of Rs.30 per quintal over the last year's MSP.

MSPs of other Rabi crops remain unchanged at the last year's level. These are Masur (Lentil) at Rs.1870 per quintal and Rapeseed/Mustard at Rs.1830 per quintal. (ANI)

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