The government has set up a National Land Monetisation Corporation to fast track monetisation of land and non-core assets of public sector entities, the Economic Survey said on Monday. So far, CPSEs have referred 3,400 acres of land and other non-core assets for monetisation from CPSEs including MTNL, BSNL, BPCL, B&R, BEML, HMT Ltd, Instrumentation Ltd. Since, the desired skill set to take on the responsibility of management and monetisation of non-core assets in government is limited, Finance Minister Nirmala Sitharaman in 2021-22 Budget had announced setting up of a Special Purpose Vehicle (SPV), with capacity and expertise, to carry out the monetisation of the land and other non-core assets in an efficient and prudent manner, in line with international best practices. "In pursuance of the Budget announcement, National Land Monetisation Corporation (NLMC) is being incorporated as a 100 per cent Government of India owned entity with an initial authorised share capital of Rs ...
Petrochemicals producers may have seen declines in bottom lines
Lok Sabha on Monday passed a bill to amend the general insurance law to allow the government to pare its stake in state-owned insurers.
SCOPE is an apex professional organization representing the Central Public Sector Enterprises (CPSEs)
They can be self-defeating in the new economic paradigm
Says government has no business to be in business; 'Our mantra is monetise and modernise'
Railway PSU DFCCIL has floated a tender inviting private players to be part of a roll-off, roll-on service
History will judge this Budget based on whether the Centre's big bet on a public sector borrowing-driven growth revival works out
Centre for the first time exercises provision for IRFC issue
LTC incentive expanded to employees of the private sector, the public sector units and state governments.
Negligent at the best of times, our public sector undertakings have become even more lazy during these months of lockouts
There was a time when pay cuts we see today were a complete no-no; govt and public sector jobs were considered safe, as pay and pensions were both assured. Not any longer, it seems, writes T N Ninan
Of the Rs 102 trillion to be deployed through to FY25, 78 per cent is to be mobilised by the public sector and 22 per cent by the private sector.
Our analysis and opinion on what to learn from the Cyrus Mistry vs Ratan Tata fight and how to build a better society with nine things.
Every year, approximately 2.5 crore candidates appear in multiple such recruitment examinations for approximately 1.25 lakh vacancies.
The role of public sector in India continues to be viewed with derisive criticism
New policies are announced with fanfare, but followed by half-hearted steps to implement them
Most years, there's an appreciable gap between ambitious targets and achievement