On March 28, 2017 16:03 (IST)
NITI Aayog, tasked with preparing a roadmap for ailing public sector undertakings, had earlier identified 26 sick central public sector enterprises (CPSEs) for closure, of which 7 received cabinet nod.
On January 18, 2017 19:03 (IST)
This is in addition to the present functions performed by 'Alternative Mechanism' as has been approved by CCEA in August, 2014, said the statement issued after the Cabinet meeting.
On January 03, 2017 16:05 (IST)
In October last year, the union cabinet gave in-principle approval to a proposal mooted by the NITI Aayog for strategic sale in public sector undertakings, including those that are making profits.
On December 28, 2016 18:35 (IST)
Government approved sale of surplus land of four pharmaceutical public sector undertakings to meet their outstanding liabilities, after which steps to close two units will be taken up.
On September 07, 2016 14:56 (IST)
NITI Aayog has made a case for strategic sale in as many as 44 public sector undertakings where the government can reduce its holding below 50 per cent by selling its stake.
On September 06, 2016 15:55 (IST)
Oil Minister Dharmendra Pradhan on Tuesday urged the public sector undertakings to create startup funds on the lines of private sector in order to promote innovation and nurture new ideas in the energy sector.
On April 24, 2016 19:14 (IST)
As it looks to contain public expenditure, the government is considering a proposal to liquidate some loss-making public sector undertakings (PSUs) while protecting the interest of their employees who may be offered "lucrative" payouts.
On October 12, 2015 14:09 (IST)
Under the said arrangement, SECI will facilitate development of 3,000-mw solar projects at various locations in the country on behalf of central public sector undertakings (CPSUs) or any other government/private agency, it said.
On August 09, 2015 16:28 (IST)
Profit-making unlisted pubic sector undertakings (PSUs) and their subsidiaries may have to submit listing plans while signing annual performance pacts with the government, a move aimed at helping the Centre garner resources and unlocking the value of many state-owned firms.
On April 13, 2015 19:33 (IST)
The government has shortlisted about a dozen public sector undertakings or PSUs including Indian Oil Corporation (IOC), National Fertilizers Ltd (NFL), MMTC, Hindustan Copper Ltd and India Tourism and Development Corp (ITDC) for sale of stakes to achieve the current fiscal year's disinvestment target of Rs 41,000 crore.
On March 05, 2015 17:59 (IST)
The Department of Disinvestment (DoD) is working out modalities for strategic sale of public sector undertakings (PSUs) which will see management control passing on to the private sector, a top government official said on Thursday.
On March 01, 2015 19:51 (IST)
The Coal Ministry on Sunday received 107 applications from public sector undertakings (PSUs) like NTPC, SAIL, DVC and NLC for allocation of 43 coal blocks to be given to state-run firms.
On February 05, 2015 14:52 (IST)
Finance Minister Arun Jaitley, in the Budget for 2015-16, is likely to target around Rs 43,000 crore from disinvestment proceeds, almost the same level that the government expects to realise from stake sale in public sector undertakings or PSUs this fiscal year.
On January 13, 2015 19:09 (IST)
All profit-making central public sector undertakings (CPSU) are required to declare a minimum dividend payout of 20 per cent of post-tax profit, whichever is higher, subject to the availability of disposable profits.
On January 08, 2015 23:40 (IST)
To boost fund raising from the markets, the Securities and Exchange Board of India (Sebi) on Thursday proposed e-IPO norms where investors can bid for shares via the internet and eventually on mobiles, while already listed public sector undertakings (PSUs) will be provided with a 'fast-track' route for share sales to meet disinvestment targets.
On November 23, 2014 14:09 (IST)
The government will allow commercial mining of coal by private companies after allocating mines to public sector undertakings and auction to specific end-users, Finance Minister Arun Jaitley said on Sunday.
On November 10, 2014 19:55 (IST)
In a setback to non-state LPG marketeers, the government's top law officer has ruled that all domestically produced cooking gas (LPG) should necessarily be sold to public sector undertakings for subsidised sale to consumers.
On October 17, 2014 21:34 (IST)
He was responding to queries related to the government's stake sale programme in Public Sector Undertakings (PSUs).