Thesynergyonline Corporate Bureau

NEW DELHI, MARCH 28 : "The net profit of PSEs increased to Rs. 1.27 lakh crore against Rs 1.15 lakh crore. The loss by the loss making PSEs has been brought down. He said that PSEs have larger challenge to keep pace with fast moving economy. Director General of Standing Conference ofPublic Enterprises ( SCOPE , said at 44th annual general meeting.

Dr Choubey, Director General, SCOPE also dwelt on details of activities and initiatives of SCOPE.

He said the occasion is more satisfying because of the larger investment of Government of India in PSEs which is around Rs. 12.5 lakh crore as compared to little over Rs. 11 lakh crore. He further added that the net profit of PSEs increased to Rs. 1.27 lakh crore against Rs 1.15 lakh crore. The loss by the loss making PSEs has been brought down.

He said that PSEs have larger challenge to keep pace with fast moving economy. DG, SCOPE added that better Corporate Governance, Transparency, Trust, Skill Development is the need of the hour.

The 44th Annual General Meeting of the Governing Council of SCOPE (the apex body of PSEs) was held on March 27, 201 evening. Mr. Ved Prakash, Chairman, SCOPE & CMD, MMTC and Dr. U.D. Choubey, Director General, SCOPE addressed the Governing Council Members. Large many representatives of PSEs were present on the occasion.

Mr Ved Prakash, Chairman, SCOPE highlighted various programs conducted by SCOPE like, Digitization, Women Empowerment, GST, RTI, Meeting with SEBI Chairman, issues of Risk Management, Corporate Governance etc. Chairman, SCOPE added that it has been SCOPE's endeavour to be a 'Thinking' organization so as to continuously innovate and come up with new and interesting formats as an apex body.