Irdai okays debt ETFs of CPSEs as eligible class of investment for insurers
The instruments have been permitted as eligible class of investment, according to guidelines issued by the insurance regulator.
Non-compliance of government directives by CPSEs led to shortfall of Rs 9,417 crore in dividend: CAG
As per the norms, all profit-making cent...
CPSEs can be globally competitive if government, management roles spelt out: CII
The report, set to be released on Monday, recommends that th...
Cabinet likely to consider proposal to bring down its stake below 51 pc in CPSEs soon
Last week, Finance Minister Nirmala Sitharaman said the government would move forward on the merger of the three state-owned general insurance companies -- National Insurance Company, United India Insurance and Oriental Insurance Company -- as announced in the previous Budget.
Finance Ministry seeks details of land parcel from CPSEs for asset monetisation
DIPAM has already empanelled 11 consultancy firms for monetisating land and properties of central public sector enterprises (CPSEs), public sector undertakings (PSUs) and other government organisations.
Govt working to cut stake to below 51% yet retain control of CPSEs
FM Nirmala Sitharaman has already said the govt will modify its current policy of retaining 51% stake in PSUs, but will maintain a controlling stake.
Budget 2019 highlights: Everything Nirmala Sitharaman announced then
In her Budget last year, finance minister Nirmala Sitharaman took a pragmatic approach by announcing no changes in personal income tax rates but levying an additional surcharge on the super rich.
FinMin asks CPSEs to speed up capex
India’s economy grew 5% in Q1 of the current financial year, its slowest in over six years.
Government to exit 23 CPSEs
These entities include Project & Development India Ltd., Hindustan Prefab Limited (HPL), Engineering Project (India), etc.
Finance ministry asks CPSEs to advance capital expenditure plans
Heads of CPSEs were asked to focus on ‘monitoring release of payments’ for procurement without delay in a timebound manner.
Finance ministry to meet heads of CPSEs for capital expenditure push
According to official sources, the finance ministry will review the progress made by various CPSEs with regard to their capital expenditure envisaged for the current fiscal.
DIPAM, NITI Aayog aim to cut government stake in select CPSEs to below 51%
At the initial stage, it will be 2-3 PSUs where govt stake would be brought down to less than 51 per cent.
MMTC, STC plunge up to 20% as government plans to shut operations
The government owns about 90 per cent stake in MMTC and STC.
Plan to list 10 CPSEs in current fiscal: DIPAM Secy
The companies which are lined up for IPO include THDCIL, RailTel, TCIL, Water & Power Consultancy Services and FCI Aravali Gypsum.
FinMin makes progress in strategic sale of 28 CPSEs
DIPAM had raised about Rs 85,000 cr from CPSE disinvestment in 2018-19.
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