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Public Sector Undertakings News


'Public Sector Undertakings' - 39 News Result(s)

  • Cabinet Clears Alternative Mechanism For PSU Sale Modalities

    Cabinet Clears Alternative Mechanism For PSU Sale Modalities

    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.

  • Government Achieves 60% Of Disinvestment Target, Raises Rs 21,400 Crore

    Government Achieves 60% Of Disinvestment Target, Raises Rs 21,400 Crore

    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.

  • Cabinet Approves Sale Of Surplus Land Of 4 Pharma PSUs

    Cabinet Approves Sale Of Surplus Land Of 4 Pharma PSUs

    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.

  • NITI Aayog Pitches For Strategic Sale Of 44 Central PSUs

    NITI Aayog Pitches For Strategic Sale Of 44 Central PSUs

    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.

  • Dharmendra Pradhan Pitches For Startup Funds By Public Sector Undertakings

    Dharmendra Pradhan Pitches For Startup Funds By Public Sector Undertakings

    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.

  • Government To Liquidate Some Loss-Making PSUs: Report

    Government To Liquidate Some Loss-Making PSUs: Report

    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.

  • PTC India Ties Up With Solar Energy Corp for Solar Power Trade

    PTC India Ties Up With Solar Energy Corp for Solar Power Trade

    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.

  • Profit-Making PSUs May Be Asked to Submit IPO Plans

    Profit-Making PSUs May Be Asked to Submit IPO Plans

    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.

  • 12 PSUs Lined Up for Stake Sale in 2015-16: Report

    12 PSUs Lined Up for Stake Sale in 2015-16: Report

    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.

  • Government Working Out Modalities for Strategic Sale of PSUs: Official

    Government Working Out Modalities for Strategic Sale of PSUs: Official

    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.

  • Government Gets 107 Applications for Allotment of 43 Mines to PSUs

    Government Gets 107 Applications for Allotment of 43 Mines to PSUs

    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.

  • FY16 Divestment Target to be Around Rs 43,000 Crore: Report

    FY16 Divestment Target to be Around Rs 43,000 Crore: Report

    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.

  • PSU Chiefs Meet Jaitley to Discuss Dividends

    PSU Chiefs Meet Jaitley to Discuss Dividends

    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.

  • Sebi Proposes E-IPO Norms, 'Fast-Track' PSU Divestment

    Sebi Proposes E-IPO Norms, 'Fast-Track' PSU Divestment

    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.

  • Commercial Mining of Coal to be Allowed After Auction: Finance Minister

    Commercial Mining of Coal to be Allowed After Auction: Finance Minister

    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.

  • Domestic LPG Cannot be Sold to Non-State Marketeers: Report

    Domestic LPG Cannot be Sold to Non-State Marketeers: Report

    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.

  • Disinvestment Programme on Track, Schedule Soon: Finance Minister

    Disinvestment Programme on Track, Schedule Soon: Finance Minister

    He was responding to queries related to the government's stake sale programme in Public Sector Undertakings (PSUs).

  • PSUs Back in Reckoning Among Business School Graduates: Survey

    PSUs Back in Reckoning Among Business School Graduates: Survey

    Business school graduates now increasingly prefer to work in public sector undertakings (PSUs) over private entities owing to a plethora of factors including job security and lucrative salaries besides generous perks and special allowances, according a survey.

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