Page 7 - Private Sector

IFC extends $4-billion loans to private companies to fight pandemic

The International Finance Corporation (IFC) on Friday said it has so far extended $4 billion to private sector businesses in the poorest countries to help fight the coronavirus pandemic.

People opting for lower tax regime not eligible for LTC stimulus: Govt

LTC incentive expanded to employees of the private sector, the public sector units and state governments.

Goa govt to tie-up with industry body to tap private job avenues: CM Sawant

Goa Chief Minister Pramod Sawant on Friday said his government will tie-up with the states apex industry body to generate job opportunities in the private sector for local youths. Sawant said the state government, for the first time, has shared Employment Exchange data with the private sector to enable industries to recruit the best professionals available in Goa. Talking to PTI, the Chief Minister said at least 250 youths were gainfully employed in the private sector during the last 3 to 4 months through the state's Employment Exchange. He said youths registered with the Employment Exchange will get career counselling from the Goa Chamber of Commerce & Industry (GCCI) which will also help them get jobs under a tie-up with the government. Expressing unhappiness over frequent opposition to development initiatives in the state, Sawant said some people are opposing a marina project, which has the potential to change the face of tourism in Goa. A private investor has ..

Now China's communist party wants stronger role in the growing pvt sector

The party called on the United Front to improve the government's leadership role in the nation's private sector, according to guidelines issued by the General Office of the CPC

EPFO settles 9.4 mn claims of formal sector workers since Covid-19 outbreak

The partial EPF withdrawal by private sector workers doubled during this period compared to last year

Contribution-based pension accounts for new EPFO subscribers soon

The move will help higher-income group workers to get higher pensions and is aimed at making the pension fund of the EPFO, which is in deficit, more sustainable

Private sector should think about marginalised section, says Gadkari

The private sector should think more about the marginalised sections while talking about growth, Union Minister of Micro, Small and Medium Enterprises (MSME), Nitin Gadkari said on Saturday.

No bank licence to India Inc: RBI sees threat to financial stability

The NITI Aayog had recently recommended to the government that long-term private capital should be allowed into the banking sector

Cabinet approves participation of private sector in space activities

The newly-created Indian National Space Promotion and Authorisation Centre (IN-SPACe) will provide a level playing field for private companies

Govt should keep 51% ownership for solidity in PSBs: YES Bank's Sunil Mehta

YES Bank Chairman Sunil Mehta spoke to Abhijit Lele and Pavan Lall about resetting the bank's strategy and corporate governance in banking, and what banks were to do to recover money.

Industry asks for more

But the government's economic package has a lot going for India's private sector

Demand, supply chain disruption may see pvt manufacturing shrinking in FY21

Auto sector may suffer double-digit decline in FY21, cement sector under pressure despite early start in infra activity

PSUs in non-strategic sectors to be privatised, says FM Sitharaman

In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed

Additional borrowing to widen fiscal deficit, but help govt perk up economy

He did not think that the move will crowd out borrowings of the private sector, saying demand of the government and the private sector are not contradictory in these circumstances

Non-life insurers register 14% premium collection growth in Apr-Feb FY20

The crop insurance segment has seen negative growth for the private insurers as many have stopped underwriting crop insurance policies

Fast trains at slow speed: Why railway privatisation should not be hasty

The experience with 50 stations and 150 trains should be a learning experience, helping frame sensible rules that are not unfair to new operators and also don't attract criticism, writes T N Ninan

PFRDA chief mulls separate trust to manage private sector pension funds

Many other pension schemes in the market currently are unregulated

Fused entity to have enough cash to loan private players: PFC on REC merger

PFC and REC can separately lend up to 25 per cent of their net worth to a single borrower/ project, and lending to a group borrower could be 40 per cent, PFC informed the BSE

Revamp DRDO, plan on reducing dependance on foreign vendors: Par panel

The panel also recommended that an environment might be created where the public sector and the private sector could work in collaboration

No proposal for private sector reservation under consideration, says govt

However, the ministry said that a coordination Committee on Affirmative Action for Scheduled Castes and Scheduled Tribes in private sector was set up by the Prime Minister's Office (PMO) in 2006.