Nikunj Ohri

The centre is also pushing PSUs to ensure timely filling up vacant posts, including the ones reserved for socially backward classes

The case pending against Nandal Finance is a winding up petition filed by RoC over allegations of money laundering

The centre through government departments and PSUs has been lifting the economy through capital spending as investments from private sector lag.

According to the centre's PSE policy announced in 2021, the government aims to maintain 'bare minimum' presence in strategic sectors that include energy, telecom, power, banks, and minerals.

PSUs have also been told that the dividend distributed by them would also be considered to evaluate their performance on this parameter

India's largest insurer is also looking to revamp its human resources systems in its drive to make the oldest insurance company more technologically advanced, said people aware of the development

Is the govt going slow on privatisation?

Barring Air India, the govt has made little progress on the disinvestment front. But, why? This report offers a peek into the government's disinvestment drive and tells why it is in the slow lane?

In July, the RBI had unveiled a mechanism to settle international transactions in rupee to promote the growth of global trade, with emphasis on exports from India

Ground-handling arm would be monetised first; investor roadshows for all companies organised

Financially-strong RRBs have been sent reminders to explore listing of their shares on the exchanges to raise capital

As per the process for privatisation of PSU units, minority sale and stake sale in JVs shared by the DIPAM, boards will recommend mode of transaction to their administrative department

Some of these steps include improving LIC's 13th month and 25th persistency ratio, which is less than its peers

Issue of bonus and rights shares too will not require tax to be deducted under a section introduced in the Union Budget

These will set the stage for future stake sale by the government

In a Q&A, Baldev Prakash said the lender will also target Mumbai, Bengaluru, Delhi, Pune and Mohali through tie-ups, and hold campaigns for retail asset/liability products in order to improve its CASA

Insurance Fraud Investigation Agency proposed via Insurance Act amendment

MeitY will ensure only authorised apps are hosted on app stores; all ministries to take possible action

Brick and mortar branches to be opened by December 2022; progress was shared in PSB review

Move likely to pave way for Concor's strategic sale

Finance ministry to meet stakeholders on Wednesday