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
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
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,
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
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
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
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
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
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.
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
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
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
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
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
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
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
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
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
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
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
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