Keyword : Disinvestment

LIC’s presence has never crowded out the private sector: Disinvestment secretary

Finance minister Arun Jaitley has set a disinvestment target of `69,500 crore for 2015-16. Disinvestment secretary Aradhana Johri, the 1980-batch IAS officer from the Uttar Pradesh cadre, calls

Disinvestment: An uphill task?

There is a change in the business environment and there is also change in the market conditions. The government has put in place certain process that will ease the way business is conducted and thi

Insurance major rescues Indian Oil from slipping on manic Monday

Disinvestment secretary Aradhana Johri said it was a very difficult day. “Still we are happy to have got the value despite huge volatility,” she said. She should be happy as the governm

Morning briefing: Bihar votes in 50 constituencies for third phase

Fifty constituencies spread over six districts are voting on Wednesday in the third phase of the assembly elections in Bihar. The polling began at 7 am in 14,170 polling stations spread in six dist

Off target, for the 6th time

In 1991 when the government first decided to divest its equity stake in public sector enterprises (PSUs), Yashwant Sinha,  then finance minister, said that disinvestment would “broad-bas

How not to disinvest

A decade after privatisation of central public sector enterprises (CPSEs) was put on the back burner, the government has come out with a comprehensive policy to take up strategic sale more aggres

Disinvestment in NBCC approved

 The cabinet committee on economic affairs (CCEA) has approved the disinvestment of 15 percent paid-up equity of National Buildings Construction Corporation Limited (NBCC). The government at p

Strategic disinvestment in BSNL, MTNL on cards

 Government’s think-tank Niti Aayog may consider state-owned Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) for strategic disinvestment, according to a news rep

Disinvestment: Government may sell stake in 3 PSUs

 The government is moving ahead with the plan for strategic disinvestment of the selected public sector undertakings (PSUs). And there could be at least two-three such stake sales in the curre

Government to review NITI Aayog’s proposals for strategic disinvestment

 The government will soon take up proposals for strategic disinvestment of central public sector undertakings, from the list submitted by the government think tank NITI Aayog. 

Mineral, oil, metal and energy sector firms identified for disinvestment

The government has identified state-run enterprises in sectors like mineral and metal, oil, energy, capital goods as well as some mid-size and small stocks for disinvestment, the finance ministry s

Centre’s disinvestment plan set to get a major boost

 This financial year promises to be a bumper year for the government when it comes to disinvestment revenue. As many as 30 cash-rich PSUs including ONGC, NTPC, Power Grid, ONGC Videsh and BHEL

BSNL’s officers urge centre to desist from disinvestment

 The Tamil Nadu circle executive committee of All India Bharat Sanchar Nigam Limited Officers’ Association has urged the central government to desist from any disinvestment in the BSNL i

Strategic disinvestment of Scooters India on cards

 Heavy industries ministry is likely to seek cabinet approval for "strategic disinvestment" of loss making automaker Scooters India Limited. The strategic disinvestment means sale of

Disinvestment rakes in Rs 21,000 crore

 The government has raised Rs 21,000 crore through stake sales and buybacks in April-September 2016-17. This is the highest-ever first half disinvestment revenue for any year, raising expectat

PSU employees to play larger role in disinvestment

 Market regulator Sebi has agreed to the government’s proposal to give employees of central public sector undertakings (PSUs) a larger role to play in the disinvestment process.

Govt invites bids to sell its 51 percent stake in Pawan Hans Ltd

  The department of investment and public asset management under the finance ministry has invited bids to appoint merchant bankers for selling the government’s entire 51 pe

Alternative mechanism to now assess disinvestment in CPSEs

The cabinet committee on economic affairs led by prime minister Narendra Modi has approved alternative mechanism, to take a call on the quantum of disinvestment in a particular central public sec

Budget 2017: Govt aims for significant reforms in PSUs

The government has made a provision in the 2017-18 budget to raise Rs 72,500 crore through disinvestment of public sector undertakings (PSUs), including listing of IRCTC, IRFC and IRCON which are r

A mirage called disinvestment

The government is getting ambitious. It wants to divest some PSU shareholding and raise a staggering Rs 72,500 crore during the 2017-18 fiscal. The mood is upbeat among finance ministry mandarins d

Stories to read over the weekend

On October 1 last year, Mehtab Alam Ansari, 30, who worked as a tailor in Delhi, had arrived in his village, Chepa Khurd in Barkagaon tehsil of Harazibagh district, to celebrate Eid with hi

Non-operating units of CCI to be disinvested first

The non-operating units of Cement Corporation of India Limited (CCI) are to be disinvested first as a part of its strategic disinvestment.   Babul Supriyo, minister o

3 SAIL plants to be disinvested

The government has accorded in-principle approval for strategic disinvestment of three units of Steel Authority of India Limited (SAIL) viz, Visveswaraya Iron and Steel Plant, Bhadravati, Salem S

Nod to strategic disinvestment of BEML

The government has given ‘in-principle’ approval for strategic disinvestment of BEML Ltd to the extent of 26% of government shareholding with transfer of management control to strateg

Govt to raise Rs 750 crore through disinvestment of NLCIL

Government is planning to raise Rs 750 crores through disinvestment of five percent of paid-up equity shares of NLC India Limited (NLCIL) through offer for sale (OFS) mechanism. The

Budget estimate for disinvestment is Rs 72,500 crore

The budget estimate (BE) for disinvestment during the year 2017-18 is Rs.72,500 crore, parliament was informed. Union minister Subhash Bhamre said that this comprised Rs.46,500 crore

‘In-principle’ approval for strategic disinvestment of 24 CPSEs

As part of the strategy to keep shares readily available for transaction to take advantage of market conditions without any loss of time, the government has identified certain CPSEs, including thos

Is divestment only way to bridge fiscal deficit, raise funds?

Even as the government has exceeded the target of raising disinvestment proceeds of Rs 72,500 crore in the current fiscal, the question of enhancing the CPSE’s efficiency largely remains unan



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter