48 months of Governance: Development and Changing Times
World is witnessing the meteoric rise of India as the fastest growing economy with a high growth rate in national GDP during the fourth quarter of the fiscal year 2017-2018. Indian Government has employed definitive strategies to boost development of industries, formation of capital and in effect, generation of employment in the country.
The Ministry of Heavy Industries and Public Enterprises has also initiated strategies of building a unified industrial ecosystem across the country with the end goal of boosting development of the land, providing better infrastructure and building.
The Department of Heavy Industries also administers 32 Public Sector Enterprises (CPSEs). These CPSEs have played a vital role in the industrial development of the country. Bharat Heavy Electricals Limited (BHEL) has been able to reflect India’s remarkable success in attaining self-sufficiency in heavy electrical equipment manufacturing indigenously. Due to various measures and operational efficiency, in the last two years, BHEL has registered a growth in PBT Rs. (-) 1164 Cr in FY 2015-16, to Rs. 1585 Cr. in FY 2017-18
FAME – India [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] scheme approved by the Ministry of Heavy Industries and Public Enterprises is directed towards using hybrid/electric technology in transportation to regulate reliance on fossil fuel. Currently, Phase-1 of the scheme is in the pipeline. Ministry of Heavy Industries and Public Enterprises have approved 480 Electric Buses for nine major cities across India. The implementation of the Phase-1 of the scheme has been extended up to 30th September, 2018.
Central Government’s Metro Projects, Kolkata – The work remained stalled for more than 3 years due to the failure of State government in providing requisite land and infrastructural aid to the Kolkata Metro Rail Corporation Limited for East-West Metro Project, one of the major construction projects in Kolkata. The revival of the project happened with seeking special permission from Prime Minister Narendra Modi and initiating talks with the stakeholders to break down the lock-in situation for the project. The construction, under my supervision, is in full swing now. The first segment of the East-West Metro Corridor is set to run for the public before October, 2018 between Sec V to Salt Lake Stadium, and thereafter in another 3-4 months, the service will extend to Phoolbagan metro station.
An exemplary execution of a challenging project involving laying tracks below the mighty river Ganga was achieved for the under-water metro route from Howrah, a first for the nation. The tunneling procedure under the river started on April 2018 and took 66 days to be completed. The project is progressing as scheduled and will be opening for the people of Kolkata at the earliest.
The achievements of the Narendra Modi government has been remarkable in terms of making every development initiative a success and accelerating growth in all sectors to put India on the global highway.
Some of the significant achievements of DPE are as Follows:
With the objective of minimum government maximum governance, rationalization of old/obsolete DPE guidelines has been done after a gap of about 10 years. 635 such guidelines were reviewed and a compendium containing 320 guidelines was published in January 2016. The process of review of guidelines for preparation of a revised compendium is being continued in the current year 2017-18 also.
The guidelines for pay revision of CPSEs executives and other employees w.e.f. 01.01.2017 have issued in August 2017 i.e within 8 months of pay revision being due, against 22 months’ time taken earlier for the last pay revision of 2007.
DPE has been closely monitoring the CSR expenditure of CPSEs and sensitizing them about creation of assets in line with national priorities/needs of the society. DPE issued an advisory to CPSEs in August, 2016 to contribute/utilize 33% of CSR funds towards Swachh Bharat and sanitation related activities. Of the total CSR expenditure of Rs. 9, 815 crore in last three years, approximately 35% has been spent on Swachh Bharat and sanitation related activity. Besides this 1.39 lakh of toilets have been constructed in various schools through CSR funding by CPSEs.
36 training programmers for the skill development of employees and executives of CPSEs and SLPEs have been conducted.
Performance of CPSEs during last four years:
- As per the latest Public Enterprises Survey the number of CPSEs has gone up to 331 form 320 CPSEs in 2016-17.
- Total investments in all CPSEs as on 31.03.2017 was Rs. 12, 50,373 crore which is 7.70% higher than investment of Rs. 11, 61,019 crore on 31st March, 2016.
- Net worth of all CPSEs has increased from Rs. 10, 79753 crore as on 31.03.2016 to Rs. 11,07,981 crore on 31.03.2017 registering a growth of 2.60%.
- Contribution of CPSEs to Central Exchequer by way of excise duty, customs duty, corporate tax, interest on central government loans, dividend and other duties is Rs. 3,85, 579 crore in 2016-17 which is 39.78% higher than compared to Rs. 2,75,841 crore in 2015-16.