Page 15 - Private Sector

Govt should keep 51% ownership for solidity in PSBs: YES Bank's Sunil Mehta

YES Bank Chairman Sunil Mehta spoke to Abhijit Lele and Pavan Lall about resetting the bank's strategy and corporate governance in banking, and what banks were to do to recover money.

Industry asks for more

But the government's economic package has a lot going for India's private sector

Demand, supply chain disruption may see pvt manufacturing shrinking in FY21

Auto sector may suffer double-digit decline in FY21, cement sector under pressure despite early start in infra activity

PSUs in non-strategic sectors to be privatised, says FM Sitharaman

In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed

Additional borrowing to widen fiscal deficit, but help govt perk up economy

He did not think that the move will crowd out borrowings of the private sector, saying demand of the government and the private sector are not contradictory in these circumstances

Non-life insurers register 14% premium collection growth in Apr-Feb FY20

The crop insurance segment has seen negative growth for the private insurers as many have stopped underwriting crop insurance policies

Fast trains at slow speed: Why railway privatisation should not be hasty

The experience with 50 stations and 150 trains should be a learning experience, helping frame sensible rules that are not unfair to new operators and also don't attract criticism, writes T N Ninan

PFRDA chief mulls separate trust to manage private sector pension funds

Many other pension schemes in the market currently are unregulated

Fused entity to have enough cash to loan private players: PFC on REC merger

PFC and REC can separately lend up to 25 per cent of their net worth to a single borrower/ project, and lending to a group borrower could be 40 per cent, PFC informed the BSE

Revamp DRDO, plan on reducing dependance on foreign vendors: Par panel

The panel also recommended that an environment might be created where the public sector and the private sector could work in collaboration

No proposal for private sector reservation under consideration, says govt

However, the ministry said that a coordination Committee on Affirmative Action for Scheduled Castes and Scheduled Tribes in private sector was set up by the Prime Minister's Office (PMO) in 2006.

Budget 2020: Govt to focus on tax incentives, private investments

Long-term capital gains tax could be abolished

Andhra Pradesh passes law to reserve 75% jobs for locals in industries

State to penalise firms for non-compliance; penalties to be prescribed when rules are framed

Andhra Pradesh becomes first state to 75% reserve private jobs for locals

AP passed the Andhra Pradesh Employment of Local Candidates in Industries/Factories Act, 2019 which will enable the government to reserve jobs for locals

Bill Gates explains what India needs for quality healthcare system

Gates said one of the "great triumphs" of the Indian health system was the elimination of polio

Fuel retail: Job half done

Transparent pricing regime should be the next step

Stop personalising profits, socialising losses: CEA to India Inc

He also said it will be only investment and not consumption that will help the economy grow

Private sector going through challenging times, says L&T chairman A M Naik

It is going to take a year or a year and a half before accelerated spending for development comes, says Naik

Private sector will come in when they see a return, says Hardeep Puri

Any business operation run in the private sector produces its own business plans. We are sensitive to failure, he said

Budget 2019: Air India sale on cards, govt hikes divestment target for FY20

Will also offer more CPSEs for strategic participation by the private sector