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About 33 results for "divestment department"

SBI Caps may win mandate to advise govt on BEML divestment

As transaction advisor, SBI Caps will manage the stake sale process and assist the department of investment and public asset management derive the fair reserve price to get optimum proceeds from the divestment. Money Control, 1 month ago

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Union Budget 2017-18: Divestment policy of government remains same, says DIPAM Secy

The broad divestment policy remains the same and department is looking to achieve divestment target through minority stake sale, strategic sale, listing of CPSEs, consolidation of oil sector and listing of insurance companies.
 Money Control2 months ago

Centre's FY17 stake sales were Rs 46,247 cr

New Delhi, 31 MarchThe Narendra Modi government divested equity for Rs 46,247 crore in state-owned entities in 2016-17. This is more than the Union Budget's revised estimate for the year of Rs 45,500 crore, though well below the original estimate of Rs 56,500 ...
 Business Standard3 weeks ago
Rediff.com

Time to trim the fat army of babus

Just 5 departments account for about 88 per cent of the Union government's civilian employees.A leaner bureaucracy will help Modi keep his promise of maximum governance with minimum government, says A K Bhattacharya.Illustration: Uttam Ghosh/Rediff.com Has the strength of the Union government's civilian employees gone up or declined under Narendra Modi as prime minister? Given Modi's promise of maximum governance with minimum government, one would expect that number to decline. Indeed, at the ...
 Rediff.com2 months ago
Rediff.com

The secret behind FY17 divestment bonanza

Using buyback as a divestment tool is not new, the amount raised this year is phenomenally high. The fiscal 2016-17 is set to go down as a record year for government divestment. With nearly Rs 37,200 crore (Rs 372 billion) raised so far proceeds have already surpassed the previous best of Rs 24,348 crore (Rs 243.48 billion) in 2014-15. However, a closer look at the data shows close to half of the divestment proceeds this fiscal have been on account of share buybacks. Also, most of the share ...
 Rediff.com2 months ago

Divestment target lofty, say experts

A day after Finance Minister Arun Jaitley's Budget proposed a record disinvestment target of Rs 72,500 crore for fiscal 2018, experts apprehended it too lofty, as the Centre has failed to meet its share sale target for last five years in a row. "The only ...
 Deccan Herald2 months ago Govt lines up 9 rail PSUs for IPO  The Financial Chronicle1 month ago
Rediff.com

Divestment cells to push stake sale

Having missed out on the strategic sale of its equity in identified public sector undertakings (PSUs) last year, the government has decided to put the process on fast track in FY18 by setting up disinvestment cells in the administrative ministries and central ...
 The Financial Chronicle1 month ago Govt plans to exit 3 PSUs, merge 4  Rediff.com2 months ago Govt plans strategic sale of 3 PSUs, merger of 4  The Financial Chronicle2 months ago

Govt looks to raise Rs 11,000 crore from listing of insurers

Government plans to divest Rs 11,000 crore worth of stake in PSU general insurance companies to meet the steep disinvestment target of Rs 72,500 crore next fiscal. Of the total target, Rs 46,500 crore will be mobilised through minority stake sale and Rs ...
 The Financial Chronicle2 months ago

Finmin scouting for merchant bankers for RITES, RVNL listing

The Finance Ministry is scouting for merchant bankers to manage the initial public offer (IPO) of two rail engineering firms RITES and RVNL. They are among the 5 railway PSUs cleared for listing by the Union Cabinet last week in which the government holds 100 ...
 The Financial Chronicle6 days ago
Rediff.com

In 1st major reshuffle, Yogi moves out close aides of Akhilesh

In its first major bureaucratic reshuffle, the Yogi Adityanath government on Wednesday transferred 20 senior IAS officers, shunting out Principal Secretary-Information Navneet Sehgal and others who wielded considerable influence under the Akhilesh Yadav dispensation. Sehgal has been divested of all charge and replaced by UP cadre IAS officer Avanish Kumar Awasthi, who was relieved by the Centre following a request by Chief Minister Yogi Aditaynath after he took oath on March 19. Sehgal also ...
 Rediff.com1 week ago Adityanath carries out first major bureaucratic reshuffle  Business Standard1 week ago
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