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State-owned companies now can decide on disinvestment of their subsidiaries The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal for empowering the boards of state-owned companies to decide on the closure and disinvestment of their units or subsidiaries. The proposal intends to reform the functioning of PSEs, by allowing greater autonomy to the Board of Directors of the Holding PSEs for taking decisions and recommend for timely existing from their investment in subsidiaries, units or JVs, which will enable them to monetise...
State-owned companies now can decide on disinvestment of their subsidiaries
State-owned companies now can decide on disinvestment of their subsidiaries
Source: IANS
19/05/2022 8:24:13 AM
No plans for divestment of BSNL: Government The Centre has no plans for disinvestment of state-owned telecom player BSNL, Minister of State for Communications Devusinh Chauhan informed the Parliament on Wednesday. "There is no plan under consideration for disinvestment of BSNL," he told the Lok Sabha in a written reply. In 2019, the Centre had approved a revival plan for BSNL which included measures to reduce the staff cost through a 'Voluntary Retirement Scheme' (VRS) for employees of age 50 years and above. ...
No plans for divestment of BSNL: Government
No plans for divestment of BSNL: Government
Source: IANS
24/03/2022 8:52:45 AM
All ministries told to clear Air India's dues immediately The Centre on Wednesday directed all Union Ministries and Departments to clear Air India's dues immediately. An office memorandum from the Finance Ministry's Department of Expenditure said: "Recently, the Government of India has decided to disinvest Air India, and the process of disinvestment of Air India and Air India Express is ongoing." "Air India has stopped extending credit facilities on account of purchase of air tickets. Therefore, all Ministries or Departm...
All ministries told to clear Air India's dues immediately
All ministries told to clear Air India's dues immediately
Source: IANS
28/10/2021 9:38:43 AM
Large private banks to become larger, consolidation likely over FY22-24 The Indian banking sector is set to witness a fresh phase of consolidation over the medium term which will primarily be driven by large private sector banks (PVBs). Given the current buoyancy in the equity markets, there is a significant opportunity for large Indian private banks to explore the inorganic growth route through the acquisition of smaller private banks that continue to face headwinds or even public sector banks where the government is considering disinvestment, an analysis by ...
Large private banks to become larger, consolidation likely over FY22-24
Large private banks to become larger, consolidation likely over FY22-24
Source: IANS
28/10/2021 9:13:04 AM
Government to increase PSUs’ income, create employment through disinvestment process: Bhagwat K Karad Minister of State for Finance Bhagwat K Karad has said the government plans to increase public sector undertakings' (PSUs) income and create employment through the disinvestment process. He said public sector companies provide employment to 14 lakh (1.4 million) people in the country. He said disinvestment doesn't mean that the companies are making losses, but the government has different plans to increase their income and to increase jobs. He said the government has decided to gar...
Government to increase PSUs’ income, create employment through disinvestment process: Bhagwat K Karad
Government to increase PSUs’ income, create employment through disinvestment process: Bhagwat K Karad
Source: Accord Fintech
27/09/2021 10:00:01 AM
Disinvestment target of Rs 1.75 lakh crore on track: CEA Krishnamurthy Subramanian In a bid to help revival of the economy battered by coronavirus disease (covid-19) pandemic, Finance Minister Nirmala Sitharaman has announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. She said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1...
Disinvestment target of Rs 1.75 lakh crore on track: CEA Krishnamurthy Subramanian
Disinvestment target of Rs 1.75 lakh crore on track: CEA Krishnamurthy Subramanian
Source: Accord Fintech
29/06/2021 9:56:05 AM
Government gets Rs 32,835 cr from disinvestment in FY21 The Centre has received a total of Rs 32,825 crore through disinvestment in the financial year 2020-21. As the disinvestment processes were hit by the pandemic, the realisation turned out to be way lower than than the original target of Rs 2.10 lakh crore for the financial year. In a tweet on Wednesday, Secretary, Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey said: "Total DIPAM receipts in 2020-21 stand at Rs 71,857 crore, which include disinvestm...
Government gets Rs 32,835 cr from disinvestment in FY21
Government gets Rs 32,835 cr from disinvestment in FY21
Source: IANS
1/04/2021 9:32:16 AM