Page 2 - Central Public Sector Enterprises
Privatisation of CPSEs during recession time a horrible idea: Pronab Sen
CPSEs in a recession time is a "horrible idea" as legitimate requirement of the financial sector to meet current requirement is further eroded, former chief statistician Pronab Sen said on Thursday
 "Privatisation of CPSEs during recession time a horrible idea: Pronab Sen")
FM asks 14 CPSEs to spend 75% of Rs 1.15 trillion capex by December end
Govt looks to sustain pace of capital and infra projects to soften economic blow; Till H1 of FY21, these PSUs spent Rs 37,423 cr, or just 32%. In FY20, they spent Rs 1.16 trn or 104% of capex goal
 "FM asks 14 CPSEs to spend 75% of Rs 1.15 trillion capex by December end")
FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1
This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the Covid-19 pandemic
 "FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1")
Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept
She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said
Govt to come out with list of strategic sectors soon: FM Sitharaman
She said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector
 "Govt to come out with list of strategic sectors soon: FM Sitharaman")
With a sell-off in mind, government to consolidate operations of PSEs
Union Finance Minister Nirmala Sitharaman on Sunday said the government would come out with a new policy that would identify strategic sectors
 "With a sell-off in mind, government to consolidate operations of PSEs")
AGR dues: OIL moves SC; Moody's says business conditions risky in India
OIL has received demand notices for the period from FY08 to FY19 amounting to over Rs 48,000 crore including licence fee, penalties and interest, the company said
 "AGR dues: OIL moves SC; Moody's says business conditions risky in India")
A flawed strategy
Asset sales for raising Rs 1 trillion is a mirage
 "A flawed strategy")
BPCL most lucrative among govt's divestment candidates, say analysts
The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive
 "BPCL most lucrative among govt's divestment candidates, say analysts")
Pawan Hans, 27 other CPSEs get strategic divestment approval: Anurag Thakur
The budget target for disinvestment during 2019-20 has been set at Rs 1,05,000 crore and the government has so far raised Rs 17,364.26 crore
 "Pawan Hans, 27 other CPSEs get strategic divestment approval: Anurag Thakur")
From cheque bounce to medical trademark, here're the key court orders
A weekly selection of key court orders
 "From cheque bounce to medical trademark, here're the key court orders")
From IndiGo board meet to RIL results, here are the top events of the day
The CPSE ETF FFO will be open for retail subscription on Friday. The Centre is looking to mobilise up to Rs 10,000 crore through the latest FFO
 "From IndiGo board meet to RIL results, here are the top events of the day")
Government approves wage revision for CPSE workmen
No budgetary support for any wage increase shall be provided by the government. The entire financial implication would be borne by the respective CPSEs from the internal sources.
 "Government approves wage revision for CPSE workmen")
Stick to capex target: Jaitley tells PSUs
For the first quarter ended June, economic growth hit a three-year low of 5.7%
 "Stick to capex target: Jaitley tells PSUs")
