Central Public Sector Enterprises
Central Public Sector Enterprises News
Bharat-22 ETF's 4th tranche to open today; govt expects to raise Rs 8,000 cr
An exchange-traded fund (ETF) is a basket of securities that trade on an exchange, just like a stock.
Finance Ministry asks large central public sector enterprises to make investments to pump liquidity
The finance ministry on Friday asked large central public sector enterprises (CPSEs) to stick to their capital expenditure plan which will increase liquidity in the market and boost economic growth
Govt preparing list of profit-making arms of central public sector enterprises for listing
The Finance Ministry is in the process of shortlisting profit-making subsidiaries of CPSEs having a minimum stipulated net-worth, which can be listed on the stock exchanges, an official said
First-ever sale of 'enemy shares'; buyback by CPSEs yield over Rs 11,300 cr to exchequer in FY19
Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India.
Bharat-22 ETF additional sale on 14 February, govt to raise Rs 3,500 cr; proceeds to help govt meet divestment target
So far, the government has mopped up approximately Rs 36,000 crore by paring minority stake in public sector companies, and through ETFs.
Govt to begin process to monetise non-core assets of state-owned companies from April
The Department of Investment and Public Asset Management (DIPAM) has been drafting an asset monetisation framework, which will lay down the procedures for the administrative ministries to follow in selling off CPSE assets
Budget 2019: Govt plans to mop up Rs 90,000 cr from CPSE share sale in FY20; confident of crossing previous year’s target
The government, which has already raised around Rs 36,000 crore from disinvestment so far in the current fiscal, expects to raise another Rs 44,000 crore from share sale in state-owned companies in the two months till March 2019.
Central public sector enterprises to implement 10% quota for economically weaker sections from 1 February
The Constitutional amendment to provide the 10 percent quota to the EWS among the general category received assent of Ram Nath Kovind on 12 January
Government could lower stake in CPSEs to 49%; proposal will not include firms that are of strategic importance
The government has set a timeline of three years to lower its stake in most central public sector enterprises (CPSEs).
BSNL, Air India and MTNL worst performing PSUs in FY 2017; Indian Oil, ONGC emerge as most profitable
Indian Oil, ONGC and Coal India have emerged as the most profitable PSUs for 2016-17, whereas BSNL, Air India and MTNL incurred the highest losses
Oil, gas public sector companies' mergers exempt from Competition Commission approval
The corporate affairs ministry's decision to exempt such deals from the ambit of the Competition Commission of India (CCI) comes against the backdrop of the proposed consolidation and stake purchases among state-owned oil and gas companies
Cabinet approves wage policy framework for central public sector enterprises workmen
There are nearly 12.34 lakh employees of 320 central public sector enterprises in the country
Bharat 22 ETF: Govt raises Rs 14,500 cr; fund sees Rs 32,000 cr bids, so far Rs 52,000 cr garnered via divestment
In Bharat 22 ETF, as much as 25 percent of total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore
Govt plans Rs 2.08 lakh cr borrowing in Oct-March, sticks to 3.2% fiscal deficit despite pressure to spend
Assessment of additional borrowing requirement, if any, would be made in December
3rd pay panel for CPSEs suggests min Rs 30,000 for executives
The recommendations of the Justice Satish Chandra committee, which are to come into effect from 1 January, 2017, will be placed before the Union Cabinet for approval.