Investment of Surplus Funds of CPSES

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..... Investment of Surplus Funds of CPSES
News and Press Release
Dated:- 4-8-2014

Government has issued guidelines from time to time on investment of surplus funds of CPSEs to ensure maximum .....

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..... safety, no element of speculation on the yield, sound commercial judgment and maturity period of not more than one year. Instruments have been specified through which surplus funds of the CPSEs can be .....

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..... invested. Recently it has also been decided that Navratna and Miniratna CPSEs can invest 30% of their surplus funds in SEBI regulated Public Sector Mutual Funds. It has also been decided that at leas .....

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..... t 60% of surplus funds should be placed with Public Sector Banks and the practice of inviting competitive bids for bulk deposits should be discounted. This information was given today by Minister of .....

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..... State in the Ministry of Heavy Industries and Public Enterprises, Shri Pon. Radhakrishnan in a written reply to Lok Sabha question.
News - Press release - PIB .....

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