Back to homepage

Tag "psu"

Defence infra of PSUs, OFB to be modernised: Rajnath Singh

Defence infra of PSUs, OFB to be modernised: Rajnath Singh

🕔07:57, 11.Aug 2020

 New Delhi, Aug 11  Indian Defence Minister Rajnath Singh launched modernization and upgradation of defence public sector undertakings and Ordnance Factory Board infrastructure on Monday as part of Atma Nirbhar Bharat (self reliant India) initiative. Singh said Prime Minister Narendra

Read Full Article
Committee on Public Undertakings to examine AAI, NBCC among others

Committee on Public Undertakings to examine AAI, NBCC among others

🕔13:14, 1.Aug 2020

New Delhi, Aug 1  The Committee on Public Undertakings has selected subjects for examination during the year 2020-21, informed the Lok Sabha Secretariat. It was decided at their sitting held on July 29. 11 issues have been chosen for Comprehensive

Read Full Article
Govt wants PSUs to trigger change in investment climate hit by Covid

Govt wants PSUs to trigger change in investment climate hit by Covid

🕔07:15, 24.Jul 2020

New Delhi, July 24  Government has asked Public Sector Undertakings (PSUs) to complete all their planned capex for FY21 on time and become vehicles of growth for the economy hit by the coronavirus pandemic. With private investment on a standstill,

Read Full Article
Spend 50% capex by Sep to help economy out of Covid, PSUs told

Spend 50% capex by Sep to help economy out of Covid, PSUs told

🕔07:51, 8.Jul 2020

New Delhi, July 8  With a view to pump up expenditure and improve investment climate in the country hit by Covid-19 pandemic, the government has asked public sector undertakings to become vehicles of growth and complete 50 per cent of

Read Full Article
In big relief, Centre to withdraw 96% of AGR dues of PSUs

In big relief, Centre to withdraw 96% of AGR dues of PSUs

🕔18:23, 18.Jun 2020

New Delhi, June 18  The Centre on Thursday informed the Supreme Court it is willing to withdraw 96 per cent of the Rs 4 Lakh crore dues pending against various PSUs in the adjusted gross revenue (AGR) matter. Solicitor General

Read Full Article
Power, RE sector PSUs to donate Rs 925 cr to PM-CARES fund

Power, RE sector PSUs to donate Rs 925 cr to PM-CARES fund

🕔17:20, 3.Apr 2020

New Delhi, April 3 The Central Public Sector Centre Enterprises (CPSEs) under the Ministry of Power and the Ministry of New & Renewable Energy have decided to contribute Rs 925 crore to the Prime Minister’s Citizen Assistance and Relief in Emergency

Read Full Article
Cabinet note being readied to use PSU land for affordable housing

Cabinet note being readied to use PSU land for affordable housing

🕔07:00, 12.Feb 2020

New Delhi, Feb 12  The government seems to be looking for innovative ways to monetise assets of loss-making Central Public Sector Enterprises (CPSE), as it is preparing a cabinet note for a policy to utilise land belonging to the government

Read Full Article
FM asks industry to bid for PSUs, Vedanta may bid for BPCL

FM asks industry to bid for PSUs, Vedanta may bid for BPCL

🕔15:27, 20.Dec 2019

New Delhi, Dec 20  Finance Minister Nirmala Sitharaman on Friday invited industry to participate in the disinvestment of central public sector enterprises (CPSEs) like BPCL, Concor and Shipping Corp, saying the country’s macroeconomic fundamentals are very strong and industry should

Read Full Article
PSBs post Rs 3,221 cr profits in H1: Mos Finance

PSBs post Rs 3,221 cr profits in H1: Mos Finance

🕔11:34, 10.Dec 2019

New Delhi, Dec 10  Public sector Banks (PSBs) have returned to profitability in 2019-20, posting an aggregate profit of Rs 3,221 crore in the first half ending September, Minister of State for Finance Anurag Singh Thakur said in the Parliament.

Read Full Article
Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

🕔17:32, 16.Sep 2019

Mumbai, Sep 16  Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in

Read Full Article
It’s official, 23 PSUs up for strategic disinvestment

It’s official, 23 PSUs up for strategic disinvestment

🕔07:42, 24.Jul 2019

New Delhi, July 24  The Narendra Modi government has decided to go for strategic disinvestment of 23 Public Sector Undertakings (PSUs). The budget estimate for the move in 2019-20 has been set at Rs 1,05,000 crore. The Finance Ministry informed

Read Full Article
Loss-making PSU units may take strategic sale route

Loss-making PSU units may take strategic sale route

🕔20:49, 22.Jul 2019

New Delhi, July 22 (IANS) The Government is planning a major asset monetisation this year that may focus on spinning off loss-making subsidiaries of public sector enterprises (PSEs) into separate entities and selling these non-core assets to potential suitors under a

Read Full Article
No capital need for SBI from government: Chairman

No capital need for SBI from government: Chairman

🕔10:06, 14.Jun 2019

New Delhi, June 14  State Bank of India Chairman Rajnish Kumar on Thursday said the bank does not need any capital from the government. “SBI doesn’t need any capital from the government,” Kumar said after a meeting with the Finance

Read Full Article
NBCC may redevelop land bank with sick PSUs

NBCC may redevelop land bank with sick PSUs

🕔07:31, 27.Apr 2019

New Delhi, April 27  The government plans to rope in state-run developers such as NBCC (India) Ltd to maximise value from the sale of sick and loss-making public sector undertakings (PSUs) that failed to generate suitable investor in the initial

Read Full Article
PSEs to stay PSUs even with below 51% government stake

PSEs to stay PSUs even with below 51% government stake

🕔07:51, 10.Apr 2019

New Delhi, April 9 (IANS) The government is planning a major overhaul of the definition of state-run companies where an entity will continue to qualify as public sector enterprise (PSE) even if the government holding falls below 51 per cent. Sources

Read Full Article
PSEs to stay PSUs even with below 51% government stake

PSEs to stay PSUs even with below 51% government stake

🕔20:16, 9.Apr 2019

New Delhi, April 9  The government is planning a major overhaul of the definition of state-run companies where an entity will continue to qualify as public sector enterprise (PSE) even if the government holding falls below 51 per cent. Sources

Read Full Article
REC to Support Rural Development in North-East India under CSR

REC to Support Rural Development in North-East India under CSR

🕔12:16, 2.May 2018

REC Foundation, the CSR arm of the Navratna Central PSU REC Limited, signed a memorandum with the North East Slow Food and Agrobiodiversity Society (NESFAS) promising a support of Rs. 9.41 crore with a view to partner in the rural

Read Full Article
Modi asks PSUs to come up with roadmap for New India in 100 days

Modi asks PSUs to come up with roadmap for New India in 100 days

🕔10:42, 10.Apr 2018

New Delhi, April 10  Enterprise and innovation should be the guiding principles in the 21st century, Prime Minister Narendra Modi told central public sector enterprises on Monday while asking them to come up with a road map for the next

Read Full Article
No junior-level interviews in central government, PSUs from January 1

No junior-level interviews in central government, PSUs from January 1

🕔10:06, 30.Dec 2015

New Delhi, Dec 30  There will be no more interviews for selection in junior level posts and non-gazetted posts of the central government from January 1, 2016, a government memorandum said on Tuesday.“The timeline set regarding completing the process of

Read Full Article
Cabinet nod to decentralising chartering arrangements

Cabinet nod to decentralising chartering arrangements

🕔10:57, 6.Aug 2015

New Delhi, Aug 6  The union cabinet on Wednesday gave its approval to the proposal of the shipping ministry for decentralising existing chartering arrangements to provide flexibility to state government departments and public sector undertakings (PSUs) to make their own

Read Full Article