Public Sector Undertaking

Disinvestment: Away from the public eye, the government's attempts to shut sick state-run firms is worthy of notice

Few know that the government has cracked the whip on its own defaulters as well, and successfully closed down chronically sick public companies.

Air India privatisation: This is Narendra Modi govt's plan to make ailing national carrier attractive for buyers

Air India has accumulated a total debt of Rs 60,000 crore which is keeping away prospective buyers for the ailing carriers

FinMin seeks dividend from PSUs to meet fiscal deficit target

"We will meet heads of central public sector entities in January. We will seek special dividend from the PSU which has not utilised its capex drawn for the current fiscal," a senior Finance Ministry official told PTI.

Govt acts tough with rich PSU, asks to invest more

Many PSUs have been asked to invest their spare cash or park a portion those funds with the government.

Govt to consult Sebi on investment of PSUs' surplus funds

The government wants that these units should invest their funds, mainly in infrastructure sector, to promote growth and bring down the country's fiscal deficit to 5.1 percent in the current fiscal.

Par Panel asks IRDA to probe LIC's purchase of ONGC shares

The Standing Committee on Finance also regretted that the government is using public sector undertakings (PSUs) as "milching cows" to bridge the deficit.

Shareholders beware: Govt milking LIC

LIC invests all its funds meant for equities in PSUs, a move that could affect returns on the investment. Yet another instance of the insurance firm putting the government's welfare above that of its 29 crore insurance policy holders.

Achieving disinvestment target will be difficult: Plan panel

The Plan panel today said that meeting the Rs 40,000 crore PSU disinvestment target will be difficult on account of the volatile market conditions.

Will TCI provoke more activism from PSU investors?

For too long, the interests of minority shareholders have been ignored in PSUs, which have typically operated according to the whims and fancies of government ministries.<br /><br />

Govt defers decision on PSU disinvestment amid differences

Amid inter-ministerial differences, the Union Cabinet today deferred a decision on proposal of Disinvestment Department to raise Rs 40,000 crore from divestment of PSUs.