Page 5 - Cpses

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

PSU disinvestment: DIPAM to hire advisors for sale of govt stake in CPSEs

The advisors would also help certain CPSEs to sell minority stake keeping in mind the current corporate laws, Sebi regulations, sectoral policy, and domestic as well as international market conditions

Finance ministry tells large CPSEs to accelerate investment activities

The meeting also called upon public sector undertakings to resolve outstanding payments

Finance ministry to ask CPSE heads to expedite capital expenditure

According to official sources, the finance ministry will review the progress made by various CPSEs with regard to their capital expenditure

Budget 2019: Air India sale on cards, govt hikes divestment target for FY20

Will also offer more CPSEs for strategic participation by the private sector

Sale of enemy shares, buybacks by CPSEs yield Rs 11,300 cr to govt in FY'19

Enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India

Cabinet to soon consider framework for monetisation of assets of CPSEs

To begin with, the guidelines would be applicable for those central public sector undertakings which are likely candidates for strategic disinvestment

FinMin to soon invite bids from merchant bankers for CPSE mergers

Kickstarting the process of merger and acquisition (M&A) among CPSEs, the Finance Ministry will soon invite bids from merchant bankers and legal firms to handle consolidation, starting with two such deals. Even though the CPSEs for M&A have not been finalised yet, the Department of Investment and Public Asset Management (DIPAM) is keeping the process ready so that when a formal proposal is received from the administrative ministry, they can begin the process without losing any time. "The merchant bankers who would bid would have to handle two such deals. The names of the CPSEs selected for M&A would be provided to merchant bankers and legal advisors before or at the time of the pre-bid meeting, an official told PTI. Once the proposal comes from the administrative ministry, it would go to the Core Group of Secretaries on Disinvestment (CGD) and then to the Cabinet, the official added. With less than 6 months left for the fiscal to end, DIPAM is fast tracking the process to

Select CPSEs fall; NTPC, PFC, NLC India down over 2%

NLC India, NTPC, NHPC, PFC and REC were down upto 4% on BSE in intra-day trade.

Employees get attractive compensation after closing sick CPSEs: Govt

Emphasising workers' interest, minister said VRS is given for them at 2007 notional pay scale

Sick PSUs must get reasonable revival chances: Parliamentary panel

Panel also cautioned on strategic divestment as well as shutting down of sick PSUs

Third pay panel for CPSEs suggests min Rs 30,000 for executives

And maximum of Rs 3.7 lakh for CMDs

PM-led ACC nod mandatory for terminating senior staff's services in CPSEs

Move comes after it was noticed that certain ministries were ending services in CPSEs without ACC's nod

Time-bound mechanism for listing of CPSEs

After 165 days of their agreement for an IPO of equity, the issue will hit the markets

Niti Aayog panel recommended winding up 26 sick CPSEs: Minister

The committee on sick/loss making/non-performing CPSEs was constituted in March 2016

8 PSUs declare bonus issue in 2016

The number of PSUs that declared bonus shares is the highest in any calendar years

Deposit any additional monetary benefits from CPSEs: Centre to staff

The DoPT has also sent a set of directives issued by DPE asking all the ministries concerned to ensure its compliance

Cost-wary ministries want cheaper air fare for CPSE members

Estimated expenditure incurred on air travel by members of CPSEs, 143 institutions, including 30 CPSEs during 2014-15 was to the tune of Rs 270 crore

Govt sets MoU targets for 234 CPSEs

234 CPSEs for whom targets have been fixed include Maharatna, Navratna, Miniratnas and other CPSEs

NITI Aayog analysing all sick, loss making CPSEs: Babul Supriyo

78, 70 and 77 CPSEs incurred losses during 2012-13, 2013-14 and 2014-15 respectively