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Compliance Performance
Punjab

Report No. 2 of 2019 - PSUs (Social, General and Economic Sectors) Government of Punjab

Date on which Report Tabled:
Thu 27 Feb, 2020
Date of sending the report to Government
Mon 02 Sep, 2019
Government Type
State
Sector Taxes and Duties,General Sector Ministries and Constitutional Bodies

Overview

The State of Punjab had 33 working PSUs (29 companies and four Statutory corporations) and 20 inactive companies. As on 31 March 2018, the Government investment (paid-up capital, long-term loans and grant/ subsidy under UDAY) in 35 PSUs was Rs 47,756.86 crore. The State Government contributed Rs 6,763.95 crore towards equity, loans and grants/subsidies in five PSUs during
2017-18.

This Report contains 18 paragraphs and one performance audit i.e. “Working of Punjab State Bus Stand Management Company Limited” involving financial effect of Rs 2,066 crore. The Report comprises of five Chapters.

Chapter-I discusses the financial profile of the Power Sector Undertakings of the State and follow-up action on Audit Reports.

Chapter-II contains Compliance audit observations which highlight deficiencies in the management of State Government Companies of power sector.

Chapter-III discusses the financial profile of the State Public Sector Undertakings (other than Power Sector) of the State and follow-up action on Audit Reports.

Chapter-IV deals with findings of performance audit of the Working of Punjab State Bus Stand Management Company Limited for the period 2013-18.

Chapter-V contains Compliance audit observations highlighting deficiencies in the management of State Government Companies and Statutory Corporation of
non-power sector.

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