Psu Disinvestment News
As per data released by the Controller General of Accounts (CGA), fiscal deficit for April-February was 120 percent of the revised estimates on account of increased expenditure and subdued revenue receipts
Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19
The government reduced stake in several PSUs this fiscal, including EIL, NTPC, NALCO and OIL.
Blue chips like NTPC, Coal India and ONGC in the pipeline for divestment in 2016
The stage is being set for year-round disinvestment sales in order to meet the government's high share sale targets.
(LIC) has purchased shares of PSUs worth about Rs 16,372 crore in the disinvestment programme through the Offer for Sale (OFS).
After the disastrous 2G spectrum auction, the PSU disinvestment programme that gets under way on Friday is the government's last chance to mobilise revenues.
All the high-profile meetings between public-sector undertakings and the government have finally ended with an agreement that state-run entities will shell out Rs 7,000 crore in dividends.
The Life Insurance Corporation, which has large investible funds, could be the government's natural saviour with public sector disinvestment.