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Finance Ministry asks departments, CPSEs to refund 95% of MSMEs securities till March 2022 The Finance Ministry has asked all departments and Central Public Sector Enterprises (CPSEs) to refund 95 per cent of the performance or bid security and liquidated damages forfeited/deducted from small and medium businesses in government tenders for over two years till March 31, 2022. To give relief to micro, small and medium enterprises (MSMEs), Finance Minister Nirmala Sitharaman in 2023-24 Budget announced 'Vivad se Vishwas-I' scheme which provides that in cases of failure by M...
Finance Ministry asks departments, CPSEs to refund 95% of MSMEs securities till March 2022
Finance Ministry asks departments, CPSEs to refund 95% of MSMEs securities till March 2022
Source: Accord Fintech
7/02/2023 11:35:47 AM
Department of Economic Affairs empanels transaction advisers for PPP Projects With an aim to provide necessary support to Project Sponsoring Authorities in transaction of PPP projects, the Department of Economic Affairs (DEA), Ministry of Finance has empaneled 12 Transaction Advisers for Public Private Partnership (PPP) Projects. To create an enabling environment for stepping up of private investment in Infrastructure and to cater State Governments demand, the TA panel is made available to all Central Ministries, State Governments, Statutory Bodies, Public Sector En...
Department of Economic Affairs empanels transaction advisers for PPP Projects
Department of Economic Affairs empanels transaction advisers for PPP Projects
Source: Accord Fintech
4/07/2022 1:55:31 PM
PSEs will have to scale-up, build capacities to survive in competitive market: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Thursday said the Public Sector Enterprises (PSE) in the strategic core sector need to scale-up their performances and if required should enter into a partnership with the private sector to survive. She was in Gandhinagar to inaugurate 'Nation Building and CPSE's Exhibition'. Addressing the event, she said, "In the competitive world, even Public Sector Enterprises (PSE) in the strategic core sector have to scale up their skil...
PSEs will have to scale-up, build capacities to survive in competitive market: FM Nirmala Sitharaman
PSEs will have to scale-up, build capacities to survive in competitive market: FM Nirmala Sitharaman
Source: IANS
9/06/2022 12:25:34 PM
Government may ask states to set up AMC/ARC for PSE asset monetisation The Centre proposes to prod states to initiate asset monetisation of state public sector enterprises (PSEs) by setting up specialised asset management (AMC) and asset reconstruction companies (ARC). The idea is to expand the scope of government's asset monetisation exercise and enable state entities to unlock value for the next round of the investment that will help generate growth and employment. AMC and ARC or a bad bank has been proposed for the banking sector in Budget 2021-22 t...
Government may ask states to set up AMC/ARC for PSE asset monetisation
Government may ask states to set up AMC/ARC for PSE asset monetisation
Source: IANS
16/04/2021 12:23:28 PM
Government may look at AMC/ARC model for asset monetisation programme The government may consider asset management and asset reconstruction company model to monetise non-core assets of public sector enterprises (PSEs). AMC and ARC or a bad bank has been proposed for the banking sector in Budget 2021-22 to acquire, manage and turnaround bad loans. The budget also talked about asset monetisation to unlock the true value of the assets lying with the government entities. The plan now is to create a special purpose vehicle (SPV) under the government route that...
Government may look at AMC/ARC model for asset monetisation programme
Government may look at AMC/ARC model for asset monetisation programme
Source: IANS
21/02/2021 9:30:37 AM