EPF cut in employee contribution means take-home is high but will increase TDS liability; here's all you need to know
The Ministry of Labour and Employment has implemented the decision to cut employees' provident fund (EPF) contributions to 10 percent from the existing 12 percent for three months till July.
Govt directs PSUs to enforce work from home for half of their non-executive staff; order to remain effective till 4 April
To avoid crowding in heir respective offices, plants, units, etc, all heads of PSUs have been asked to draft a weekly roster keeping in view their work/production exigencies for the non-executive staff.
Economic Survey 2020: Privatised CPSEs reported better profit, sales after transition; aggressive disinvestment promotes efficiency
It observes that the focus of the strategic disinvestment needs to be to exit from non-strategic business and directed towards optimising economic potential of these CPSEs.
Uncertainty mounts over fate of Namrup fertilizer plant in Assam; Unit IV still in cold storage despite Centre's assurance
Opposing the government’s move to privatise Nagaon Paper Mill and Cachar Paper Mill, the students’ body was apprehensive that BVFCL, also called Namrup Fertilizer Complex, would meet with a similar fate.
The government's decision to launch an umbrella debt exchange-traded fund will provide a better opportunity to retail investors for participation in quality public sector bonds at an affordable cost, experts said on Wednesday
Cabinet gives nod to launch Bharat Bond ETF; move to create additional source of funding for PSUs, state-run organisations
Further, Bond ETF trading on the exchange will help in better price discovery of the underlying bonds.
PMJAY scheme: Centre looking to bring hospitals run by CPSEs, paramilitary forces under flagship, anti-fraud law on anvil
The Cabinet Secretariat note reviewed by Firstpost said Ayushman Bharat-PMJAY is a globally unique scheme in terms of its coverage and quality of medicare
Daily Bulletin: Chandrayaan 2 set to land on moon after midnight; finance ministry to meet heads of CPSEs today; day's top stories
Here are today's top stories: Chandrayaan 2: Vikram module set for final descent for soft landing on Moon on 7 September; BJP to oppose resolution against NRC in West Bengal Legislative Assembly today; and more
Govt aims to reduce stake in state-run firms to minimum in FY20 to meet disinvestment target figure of Rs 1.05 lakh cr
The government will initiate privatisation of CPSEs as it sets a record high disinvestment target of Rs 1.05 lakh crore that will see the government lowering its stake in some CPSEs to below 51%.
The Department of Investment and Public Asset Management (DIPAM) Monday issued the guidelines for monetisation of non-core assets of CPSEs and immovable enemy properties
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
PFC completes REC acquisition, pays Rs 14,500 cr to govt; deal helps meet disinvestment target for current fiscal
PFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.
The institutional framework for monetisation of the assets could also be used by other CPSEs, PSUs, government organisations and loss-making or sick CPSEs.
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
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
Indian Oil, ONGC, NTPC emerge as most profitable PSUs in FY18; BSNL, Air India and MTNL incur highest losses
The Public Enterprises Survey 2017-18 revealed that the top ten loss making PSUs claimed 84.71 percent of the total losses made by all the 71 CPSEs.
As per the guidelines, CPSEs having net worth of at least Rs 2,000 crore and cash and bank balance of above Rs 1,000 crore have to mandatorily go in for share buyback.
The pension scheme is estimated to cost an additional financial burden of Rs 540 crore.
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).
Through this acquisition, ONGC will become India's first vertically integrated 'oil major' company, having a presence across the entire value chain. The integrated entity will have the advantage of having enhanced capacity to bear higher risks and take higher investment decisions