Page 2 - Public Sector Enterprises

Govt bars PSEs from buying state-owned companies on block for privatisation

The finance ministry has barred public sector enterprises from bidding for other Central Public Sector Enterprises (CPSEs) which are on the block for privatisation

Govt receives Rs 4,353 crore as dividend tranches from 7 CPSEs

The government on Tuesday said it has received Rs 4,353 crore as dividend tranches from seven public sector enterprises, including Coal India and PFC.

Disinvestment needs a different approach

Since the government now has a clear policy for PSEs, it should recalibrate the disinvestment programme

Centre set to rejig privatisation process for non-strategic sectors

Companies in non-strategic sectors would be considered for privatisation, wherever feasible, or else they would be closed

New govt SPV likely to get powers to acquire and develop PSU land

The entity will be able to rent, lease and develop assets to monetise them for a fee, an official said

Improve governance and rules instead of privatisation: Raghuram Rajan

Rajan was also critical of the government for not focusing enough on healthcare and education, and cutting down on expenditure

No caste-based job reservation in PSBs after disinvestment: Report

This move, however, will not impact employees who have affirmative action benefits.

Start with smaller banks

Govt must have a clear road map for PSB privatisation

Unlocking public assets

Govt's plan to monetise assets has rewards and risks

Cabinet to consider new public sector enterprises policy soon: DEA Secy

Under the policy, a list of strategic sectors will be notified where there will be at least one and a maximum of four public sector enterprise, apart from private sector companies

Cabinet to soon consider new public sector enterprises policy: Report

Union Cabinet will soon consider new public sector enterprises policy that will define strategic sectors, which will not have more than four PSUs, Finance Ministry official sources said on Tuesday.

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

Ratio of India's public debt to GDP likely to scale a new high in FY21

According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020

Banking to be a 'strategic sector', govt discussing privatising some PSBs

According to the new privatisation policy, announced by FM Sitharaman as part of the 'Atmanirbhar Bharat' package, the government will come up with a list of strategic sectors

Earnings drought

Corporate results would get a lot worse in the coming quarters

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

Fifth tranche of economic package: 7 measures announced by FM today

The fifth and last set of measures focuses on MGNREGA, health and education (rural and urban), businesses, decriminalisation of Companies Act, etc

India's PSUs should bid for international projects as consortium: Report

CII report, titled 'Can the Indian PSEs enhance their Geo-strategic reach', presents a roadmap to expand exports and geo-strategic reach of public sector enterprises by 2022

PSU general insurers need Rs 13k cr to restore health before merger: Report

The government is exploring various consolidation options, including merger of state-owned general insurance companies with New India Assurance, with a view to create synergy and unlock value

Why no bankruptcy procedure for bleeding govt-owned enterprises?

Subjecting public sector companies to a process similar to the kind private ones faced would force the govt to explain why it continues to pour money into these bottomless pits, writes T N Ninan