Disinvestment

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Disinvestment - Total results - 277
Union Budget 2021: Govt needs to pursue disinvestment seriously next fiscal, else it may be a flop show again
Business

Union Budget 2021: Govt needs to pursue disinvestment seriously next fiscal, else it may be a flop show again

Unlike 2020-21, the government cannot afford for disinvestments to be a flop-show in 2021-22 as well.

Finance Ministry issues modified circular on salary contribution to PM-CARES Fund; says those willing should intimate officers
Business

Finance Ministry issues modified circular on salary contribution to PM-CARES Fund; says those willing should intimate officers

A circular issued on 17 April had urged all the officers and staff of the finance ministry to contribute one-day's salary every month to the fund till March 2021, beginning with May salaries.

Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier
Business

Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier

The government has extended the time till 6 March for bidders to pose additional queries regarding sale of its 100 percent stake in Air India

Disinvestment proceeds to be used for creating infrastructure for country, not to bridge revenue deficit: Nirmala Sitharaman
Business

Disinvestment proceeds to be used for creating infrastructure for country, not to bridge revenue deficit: Nirmala Sitharaman

The government set an ambitious disinvestment target of Rs 2.10 lakh crore for the next financial year, which includes selling stake in BPCL and insurance behemoth LIC.

Nirmala Sitharaman's Budget 2020 measures too long-term, unlikely to bolster growth, meet targets in FY21: Crisil
Business

Nirmala Sitharaman's Budget 2020 measures too long-term, unlikely to bolster growth, meet targets in FY21: Crisil

Noting that the economy is facing its worst slowdown in over a decade, a CRISIL report has said this was because consumption and investment have stopped firing for too long

Economic Survey 2019-2020 sources data from Wikipedia, private entities such as Bloomberg and BSE
India

Economic Survey 2019-2020 sources data from Wikipedia, private entities such as Bloomberg and BSE

The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.

Economic Survey 2020: Privatised CPSEs reported better profit, sales after transition; aggressive disinvestment promotes efficiency
Business

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.

Economic Survey 2020: CEA K Subramanian takes on predecessor Arvind Subramanian for questioning India’s GDP numbers
Business

Economic Survey 2020: CEA K Subramanian takes on predecessor Arvind Subramanian for questioning India’s GDP numbers

The Economic Survey has projected a 6-6.5% GDP growth for 2020-21. But, there will be much skepticism on this number given that in the last survey, the growth was projected at 7% whereas the actual growth is likely to end up around 5%.

Economic Survey 2020: Growth projection of 6-6.5% looks reasonable in current scenario; effort should be there to garner revenue on tax front
Business

Economic Survey 2020: Growth projection of 6-6.5% looks reasonable in current scenario; effort should be there to garner revenue on tax front

The Economic Survey is also quite a votary of disinvestment and the view held is that there should be exits by the government in non-critical areas.

Composite PMI for December sends positive signal, disinvestment of 3 PSUs on slow mode; all this and more on Moneycontrol Pro
Business

Composite PMI for December sends positive signal, disinvestment of 3 PSUs on slow mode; all this and more on Moneycontrol Pro

The seasonally adjusted PMI bottomed out in October and has gone up in both November and December.

BPCL privatisation: IOC, other PSUs not to bid, hints Union Minister Dharmendra Pradhan
Business

BPCL privatisation: IOC, other PSUs not to bid, hints Union Minister Dharmendra Pradhan

Oil Minister Dharmendra Pradhan on Thursday hinted that public sector firms such as Indian Oil Corporation (IOC) may not be allowed to bid for buying government stake in Bharat Petroleum Corporation Ltd (BPCL), for which a buyer may have to shell out as much as Rs 90,000 crore

Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI
Business

Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: FICCI

Industry body FICCI on Thursday hailed the centre's go-ahead to the sale of its stake BPCL, SCI and Concor stating that the move would strengthen the performance of these companies and bring in fresh investments for both modernisation and expansion

BPCL, Shipping Corp of India shares hit 52-week high after privatisation move, pares gain later
Business

BPCL, Shipping Corp of India shares hit 52-week high after privatisation move, pares gain later

Shares of Bharat Petroleum Corp Ltd (BPCL), Shipping Corp of India (SCI) and Container Corp of India (Concor) showed mixed trend on Thursday after the Cabinet approved the sale of government's stake in these companies

Centre likely to consider proposal to reduce stake below 51% in CPSEs soon; Cabinet may decide on merger of state-run insurance firms
Business

Centre likely to consider proposal to reduce stake below 51% in CPSEs soon; Cabinet may decide on merger of state-run insurance firms

The Budget for 2018-19 had proposed the merger of three public sector general insurance companies and subsequent listing of the merged entity on stock exchanges.

Govt’s stringent commitment to low inflation hurting farm sector, says Nobel laureate Abhijit Banerjee
Business

Govt’s stringent commitment to low inflation hurting farm sector, says Nobel laureate Abhijit Banerjee

Abhijit Banerjee said disinvestment is not long-term solution for bridging fiscal deficit.

PMEAC Chairman Bibek Debroy’s warning on economic slowdown shows govt’s top advisors aren’t living in denial any longer
Business

PMEAC Chairman Bibek Debroy’s warning on economic slowdown shows govt’s top advisors aren’t living in denial any longer

The PMEAC chairman’s warnings and prescriptions should be an eye-opener to the government in the present economic scenario

Economic slowdown: Here are five more reforms Finance Minister Nirmala Sitharaman can look at to kick-start growth engines
Business

Economic slowdown: Here are five more reforms Finance Minister Nirmala Sitharaman can look at to kick-start growth engines

There are at least five big reforms that need doing, can quickly get-off the ground, and which will have lasting positive effects on growth

Govt may seek Rs 30,000 cr interim dividend from RBI to meet fiscal deficit target for 2019-20; last fiscal central bank paid Rs 28,000 cr
Business

Govt may seek Rs 30,000 cr interim dividend from RBI to meet fiscal deficit target for 2019-20; last fiscal central bank paid Rs 28,000 cr

Apart from the RBI dividend, there are other means of bridging any shortfall, including mop-up from disinvestment and higher utilisation of National Small Saving Fund.

RBI windfall of Rs 1.76 lakh cr surplus to Centre supports deficit, offers a permanent avenue to raise resources
Business

RBI windfall of Rs 1.76 lakh cr surplus to Centre supports deficit, offers a permanent avenue to raise resources

The government will get a bonanza of around Rs 86,000 crore over and above the budgetary provision of Rs 90,000 crore from the RBI

Atanu Chakraborty replaces Subhash Chandra Garg: Here's all you need to know about new economic affairs secretary
Business

Atanu Chakraborty replaces Subhash Chandra Garg: Here's all you need to know about new economic affairs secretary

Atanu Chakraborty, who has replaced Subhash Chandra Garg, as economic affairs secretary, is a 1985 batch IAS officer from the Gujarat cadre