Alternative mechanism to now assess disinvestment in CPSEs

The cabinet delegated powers to a few senior ministers to take a final call on modalities of stake sale in the PSUs

GN Bureau | January 19, 2017


#disinvestment   #CPSE   #PSU   #alternative mechanism  
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 sector undertaking (CPSE) on a case by case basis subject to government retaining 51 percent equity and management control, a PIB release stated. This is in addition to the present functions performed by alternative mechanism as has been approved by CCEA in August, 2014.
 
This would reduce speculation and overhang and expedite the disinvestment process.
 
Reports say the cabinet delegated powers to a few senior ministers to take a final call on modalities of stake sale in the PSUs.
 
Once the government okays disinvestment in a particular PSU, the panel of senior ministers like finance minister Arun Jaitely and road transport minister Nitin Gadkari among many others will decide an array of issues like date of stake sale and tranches.
 

Comments

 

Other News

Finance ministry ropes in NBCC to build houses for officers

Department of Economic Affairs (DEA) and National Buildings Construction Corporation Ltd (NBCC) have signed an agreement for the construction of housing project for Indian Economic Service (IES) officers. For this, the urban development ministry has allotted 3,519 square metre of land on Dee

Aviation minister lays foundation of integrated office of aviation agencies

The foundation stone for the integrated office complex of director general of civil aviation (DGCA), bureau of civil aviation security (BCAS), airports economic regulatory authority of India (AERA), aircraft accident investigation bureau (AAIB) and airports authority of India (AAI) was laid by civil aviati

Civil society pays tribute to veteran journalist Neelabh Mishra

Civil society has paid rich tributes to Neelabh Mishra, veteran journalist and human rights activist, who died in Chennai Saturday after a prolonged battle with liver failure. The National Alliance of People`s Movements (NAPM) said it was deeply saddened to know of the untimely demise of its

All you need to know about the H-1B visa rules

It seems the process of procuring H-1B visas may get more difficult for the Indian IT companies with the new policy announcement by the US president Donald Trump. The new policy may hit the third party supplier base of the Indian IT firms in the US, the biggest users of H-1B visas. Moreover, now the H-1B m

Book Review: Letters to a Young Poet

Most of us would recall how sorely we needed a guide, a mentor, when we were in our twenties and starting out in a career, or in the deeper study of a branch of k

Can we handle our e-waste?

India is the fifth largest producer of e-waste in the world and has discarded approximately 18 lakh metric tonnes of e-waste in 2016, which is 12 percent of the global e-waste, according to a United Nations University study, ‘The Global E-Waste Monitor 2017’. In fact by 2020, India’s e-wa

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter