PSU

Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget

Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget

The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium en...Read More

Revenue constrained Govt may push oil PSUs to pay higher dividend

Revenue constrained Govt may push oil PSUs to pay higher dividend

PSUs with stock prices higher than the book value and who have sufficient cash funds may also be asked to shell higher dividend in FY21

Government to press ahead with PSU stake sale: Finance Minister Nirmala Sitharaman

Government to press ahead with PSU stake sale: Finance Minister Nirmala Sitharaman

The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala...Read More

As revenue constrained, Centre may look at PSUs for higher dividends

As revenue constrained, Centre may look at PSUs for higher dividends

Officials sources said that the PSUs with stock prices higher than their book values and those with sufficient cash may be asked to shell...Read More

Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources

Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources

Earlier this year, the Union Cabinet decided to halt the merger process of three state-owned general insurance companies due to weak fina...Read More

PSUs hit 39% of FY21 CAPEX target, FM calls for more efforts

PSUs hit 39% of FY21 CAPEX target, FM calls for more efforts

Central Public Sector Enterprises (CPSE) have achieved 39.4 per cent of their capital expenditure (CAPEX) target with an expenditure of ...Read More

Private sector, state government, PSU employees eligible for I-T exemption under LTC cash voucher scheme

Private sector, state government, PSU employees eligible for I-T exemption under LTC cash voucher scheme

The Income Tax Department on Thursday extended the I-T exemption available under the LTC cash voucher scheme to employees of state gover...Read More

Strategic sale of PSUs to gain momentum post Diwali

Strategic sale of PSUs to gain momentum post Diwali

The Department of Investment and Public Asset Management (DIPAM) is set to initiate the strategic sale process of four PSUs including Con...Read More

Piyush Goyal invites startups to register at GeM to provide goods, services to govt agencies, PSUs

Piyush Goyal invites startups to register at GeM to provide goods, services to govt agencies, PSUs

Commerce and Industry Minister Piyush Goyal on Tuesday invited startups to register at public procurement portal GeM and offer goods as w...Read More

Bank frauds could hurt India much more than COVID-19 can

Bank frauds could hurt India much more than COVID-19 can

If you are a believer or a bhakt, you should only read the reports of India’s policymakers. You will get a feeling that all is well. And ...Read More

Government-owned companies biggest wealth destroyers in the last six years: Mutual fund veterans

Government-owned companies biggest wealth destroyers in the last six years: Mutual fund veterans

State-run enterprises have been the biggest wealth destructors in the last six years despite operating in monopolistic or oligopolistic s...Read More

State-run banks to require more capital as a safeguard against stress: Report

State-run banks to require more capital as a safeguard against stress: Report

India's state-owned banks' plans to raise capital from private sources will not be sufficient to mitigate the anticipated risks unless su...Read More

Spend 50% capex by Sep to help economy out of Covid, PSUs told

Spend 50% capex by Sep to help economy out of Covid, PSUs told

This came out from the review meeting held by Finance Minister Nirmala Sitharaman with Secretaries of Ministries of Petroleum and Natural...Read More

In big relief, Centre to withdraw 96% of AGR dues

In big relief, Centre to withdraw 96% of AGR dues

Solicitor General Tushar Mehta, representing the Centre, told a bench headed by Justice Arun Mishra that the Centre is withdrawing 96 pe...Read More

SC asks DoT to reconsider Rs 4 lakh cr claim on PSUs, says demand impermissible

SC asks DoT to reconsider Rs 4 lakh cr claim on PSUs, says demand impermissible

The apex court also asked telecom companies, including Bharti Airtel and Vodafone Idea Ltd, to file affidavit explaining the time needed ...Read More

Some out-of-the-box ideas for a fiscal stimulus

Some out-of-the-box ideas for a fiscal stimulus

Unconventional times call for unconventional solutions and experiments.

Mumbai: Income Tax department prepares list of PSUs to resolve settlement dispute under Vivad se Vishwas Scheme

Mumbai: Income Tax department prepares list of PSUs to resolve settlement dispute under Vivad se Vishwas Scheme

Sources also said that in case of CPSUs, the income tax department had calculated tax demands that went up to Rs 1.57 lakh crore

Govt may not announce capital infusion for PSU banks in Budget

Govt may not announce capital infusion for PSU banks in Budget

Besides, sources said, banks may also look for divesting or selling their non-core business as part of fund raising exercise during 2020-...Read More

Five major announcements made by Nirmala Sitharaman on disinvestments of PSUs

Five major announcements made by Nirmala Sitharaman on disinvestments of PSUs

Bringing an end to months of anticipation over the government lowering its stake in major public sector undertakings (PSU), the Union Cab...Read More

IRCTC IPO subscribed 112 times

IRCTC IPO subscribed 112 times

New Delhi: The initial public offering of Indian Railway Catering and Tourism Corporation (IRCTC) was a huge hit among investors as it go...Read More

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