RSS's economic philosophy laid out by Mohan Bhagwat runs contrary to Modi government's recent policies. And it is unlikely to prevail
Asset sales for raising Rs 1 trillion is a mirage
While OIL holds 26 per cent in NRL, BPCL and the Assam government have 61.65 per cent and 12.35 per cent equity, respectively
In November, CCEA approved the sale of government stake in five PSUs: BPCL, Shipping Corporation of India, Container Corporation of India
Days before curtains come down on 2019, we look at the key decisions and ideas that shaped the year
Govt sounds out select few firms over stake sales; might push process to next financial year
Govt has so far raised Rs 17,364 crore through stake sale against Rs 1.05 trillion target
It can be noted that the government has set ambitious targets from the disinvestments in FY20 at Rs 1.05 trillion
BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest
Even after its nationalisation, the company continued to remain "foreign" and "privatised" in its work culture, say former and present employees and some industry executives
Last month, the Cabinet had approved a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control
The government has set an all-time high disinvestment target of Rs 1.05 lakh crore, up from Rs 90,000 crore projected in the Interim Budget 2019-20 in February.
A higher diesel spread means refiners will see better GRMs as compared to the benchmark
Weak underlying economic trends may keep market interest limited to select stocks
The CEA's views came amid questions over stake sale in profit-making PSUs
The officers union was not opposed to private competition but they should not be handed on a platter assets set up over years.
The Modi govt is strong enough to override the resistance that has come from some quarters, but it should be mindful of reputation risks in decisions on complex financial questions, writes T N Ninan
Currently, 95 per cent of retail petrol and diesel sales and near 100 per cent of cooking gas (LPG) and kerosene sales are controlled by the public sector units.
From cars to cost more in new year, Sebi giving time to six brokers to wind up clients to NTPC planning to expand in its renewables capacity, Business Standard bring you the top headlines of the day
The government has set a 50-day timeline for asset valuation to happen in BPCL, as it wants to complete the process before March 31, 2020