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About 14 results for "divestment department"

Some PSU banks can be privatised, though time is not right now: SBI Chairman
Sify

Some PSU banks can be privatised, though time is not right now...

New Delhi: The time is not right for privatisation of public sector banks (PSBs), though some of them could be divested by the government after making them financially attractive, according to a top banker. "The time, though, is not right at present, because ... Sify, 1 week ago
Rediff.com

8 unlisted PSUs buy back Rs 2,600 crore govt shares

Though this is part of the divestment drive, government’s stake in these companies remains 100 per cent even after the buybacks Eight unlisted state-owned companies bought back shares worth Rs 2,600 crore (Rs 26 billion) from the Centre in 2017-18 to help meet the revised divestment target of Rs 1 trillion.   However, though this is part of the divestment drive, the government’s stake in these companies remains 100 per cent even after the buybacks in which the shares were ...
 Rediff.com3 weeks ago

Niti making new list of sick PSUs for divestment: Kant

) Government think-tank NITI Aayog is preparing another list of sick PSUs that can be privatised, its CEO Amitabh Kant said today.The Prime Minister's Office (PMO) had asked the think- tank to look into the viability of sick state-run companies. The Aayog has ...
 Business Standard1 month ago
Rediff.com

How govt plans to meet divestment target

Pawan Hans, Dredging Corp on list to meet target of Rs 800 bn for 2018-19 Illustration: Uttam Ghosh/Rediff.com The Centre is planning privatisation, or strategic sale, of a number of state-owned companies and properties to meet its budgeted target of Rs 80,000 crore for 2018-19.   Apart from the marquee brand, Air India, work is underway to sell-off stake in Pawan Hans, Dredging Corp, HLL Lifecare and Indian Medicines Pharmaceutical Corporation Limited (IMPCL), among others, said the ...
 Rediff.com2 months ago
Rediff.com

Budget: FM may raise divestment target for 2018-19 to Rs 100,000 crores

This will encompass the sale of Air India, a number of other privatisation initiatives, mergers, initial public offerings, the Centre’s two exchange-traded funds, buybacks and offers-for-sale, and even monetisation of land assets. Illustration: Uttam Ghosh/Rediff.com Buoyed by the success of this year’s divestment programme, the finance ministry could set an even higher target of Rs 900 billion-1 trillion (Rs 90,000-100,000 crore) for 2018-19.   This will encompass the sale of ...
 Rediff.com2 months ago

Govt pulls out memo inviting bids for Pawan Hans sale

The government has withdrawn the preliminary information memorandum for proposed disinvestment of helicopter services provider Pawan Hans, after failing to attract enough bidders.Pawan Hans is a joint venture under the civil aviation ministry and state-owned ...
 Business Standard1 week ago

Khattar to hold additional charge of Information and PR

Haryana Chief Minister Manohar Lal Khattar will now also hold the additional portfolio of Information, Public Relations and Languages department, which was earlier held by state's Women and Child Development Minister Kavita Jain, an official spokesperson said ...
 Business Standard1 week ago
catchnews.com

With Jaitley unwell, Modi needs an FM who can tackle crucial political challenges

Finance minister Arun Jaitley ’s renal failure is likely to keep him out action for some time. According to media reports he is likely to travel aboard for kidney- transplant surgery. Some reports have also suggested that the his surgery will be ...
 catchnews.com1 week ago

Global Markets Remain Mixed

Posted by Equitymaster Sentiments in the global financial markets remained mixed even as persistent worries about a global trade war, particularly between the US and China, kept Asian markets on the edge. The Chinese index was down 1.1% in the week gone by.
 Equitymaster.com1 month ago Global Stock Markets Chart Modest Gains  Equitymaster.com1 month ago
Rediff.com

PNB scam: What Modi-Jaitley can do now

Reduce the government stake in public sector banks to 33 per cent, recommends A K Bhattacharya IMAGE: Prime Minister Narendra D Modi and Finance Minister Arun Jaitley. Photograph: Ahmad Masood/Reuters The department of financial services, a wing of the Union finance ministry, has a headcount of about 1,600 employees. On paper, this number may look impressive. But the overall staff strength of any department at the Centre, however, does not truly reflect its management or supervision capacity.
 Rediff.com1 month ago
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