Dipam

Shifting Department of Public Enterprises to finance ministry could help expedite privatisation

Move will hopefully help government sell off PSUs. This will also help the taxpayer, who has to ultimately bear the cost of running PSUs.

Govt raises Rs 11,500 crore from strategic sale of two state-run power companies to NTPC

The government has raised Rs 11,500 crore through strategic sale of two state-run power companies, THDC and NEEPCO, to NTPC

SAIL not to shut down 3 loss-making steel units: Chairman Anil Kumar Chaudhary

State-owned Steel Authority of India Ltd (SAIL) will not close down three of its loss-making speciality steel plants if the company does not find buyers for these units, its chairman Anil Kumar Chaudhary said

Govt plans to sell 5% stake in SAIL through OFS, likely to fetch Rs 1,000 cr; may complete transaction in current fiscal

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Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey

Buyers of loss-making airline Air India and oil firm Bharat Petroleum Corporation Ltd (BPCL) will not get a free hand to shed excess workforce as the government will build in certain protection to employees in the share sale agreement, DIPAM Secretary Tuhin Kanta Pandey said

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.

Air India, BPCL, Container Corporation divestments 'unlikely' this fiscal; govt preparing financial statements: Official

Similarly, on Container Corporation (Concor) and Air India as well, the official said that the sales will not go through in the current fiscal ending 31 March.

ETFs catch on, total assets base on NSE rises 9% in six months to Rs 1.5 lakh cr in September

The exchange, further said, it is continuously engaging with investors to ensure a larger participation from the retail segment in ETFs.

Subhash Chandra Garg seeks voluntary retirement from govt service after being shunted out of Finance Ministry

Garg is a 1983 batch IAS officer of the Rajasthan cadre and has been working as the secretary in Department of Economic Affairs since June 2017.

Govt mulls listing of Coal India's profit-making subsidiaries to raise funds

The government is examining a proposal to list profit-making subsidiaries of state-owned Coal India Ltd in a bid to raise funds, sources privy to the development said