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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Merchant bankers bid for appointment to PSU stake sale

Merchant bankers bid for appointment to PSU stake sale

🕔16:02, 22.Jul 2015

New Delhi, July 22  Merchant bankers bidding for being appointed for the stake sale by the government in 10 public sector undertakings (PSUs) are required to submit their bids to the department of disinvestment (DoD) by Friday. A finance ministry

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State-run banks to present reform plans to Modi Jan 3

State-run banks to present reform plans to Modi Jan 3

🕔12:03, 25.Dec 2014

New Delhi, Dec 25  Prime Minister Narendra Modi will meet bankers Jan 3 during the concluding session of their “retreat” in Pune where they will prepare an action plan for reforms in public sector banks (PSBs). “In view of the

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Coal India, Singareni Collieries to face strike next month

Coal India, Singareni Collieries to face strike next month

🕔10:54, 19.Dec 2014

Kolkata, Dec 19 Five trade unions in state-run Coal India Ltd (CIL) and Singareni Collieries Co (SCC) have called for a five-day strike beginning Jan 6 protesting against denationalisation of coal and disinvestment in the world’s largest coal miner. The

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SJVNL signs pact with Nepal for hydro-power plant

SJVNL signs pact with Nepal for hydro-power plant

🕔09:00, 28.Nov 2014

Kathmandu, Nov 28  Indian public sector company Satluj Jal Vidyut Nigam Ltd. (SJVNL) has signed a project development agreement with the Nepal government for executing the 900 MW Arun-III Hydro Electric Project in eastern Nepal, officials said Thursday. The agreement

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Indian PSUs need up to $37 bn to meet Basel II norms

Indian PSUs need up to $37 bn to meet Basel II norms

🕔10:00, 23.Sep 2014

London, Sep 23  India’s public sector banks may need from $26 billion to $37 billion in external capital as Basel III norms loom, Moody’s said Monday. This, even if there’s a slight bounce back in the country’s GDP growth. It

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NTPC pays Total Dividend of Rs. 4741.16 crore for FY 2013-14

NTPC pays Total Dividend of Rs. 4741.16 crore for FY 2013-14

🕔10:00, 10.Sep 2014

New Delhi, Sept 09 : NTPC Limited paid a total dividend @ 57.5% of its paid-up capital for the financial year 2013-14, amounting to Rs. 4741.16 crore. The dividend payment is 3rd highest among Public Sector Undertakings and 5th highest

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