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
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
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
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
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
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
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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