Page 12 - Privatisation

'Rigorous' work underway to achieve privatisation targets: FM Sitharaman

Sitharaman said on Thursday that the government is undertaking all the "necessary rigorous" work to complete the planned privatisation processes by the end of this financial year.

Parliament passes bill for privatisation of state-run general insurers

The General Insurance Business (Nationalisation) Amendment Bill, 2021, was passed by the Lok Sabha on August 2.

Ministerial panel set to take up PSU insurer's privatisation soon

Consultations at the CGD level involved deliberations on the process of privatisation, timing, and the way forward to sell the PSU insurer - United India Insurance - suggested by NITI Aayog

PSU insurers employees go on strike to protest proposed privatisation

Employees of public sector general insurance (PSGI) companies are observing nationwide one-day strike on Wednesday to protest against intended privatisation of state-owned insurers.

Govt may defer privatisation plans for 2 PSU banks to FY23: Report

The Finance Ministry hasn't finalized modalities to seek approval from lawmakers for the sale, which leaves little time for process to be completed this year, people said, asking not to be named

Public float exemption for PSUs to have riders in privatisation push

The move is to ensure fairness and prevent arbitrary use of latest dispensation provided by the government

Sitharaman as FM: Some positive surprises, a few works in progress

Tax, revenue and macroeconomic trends are encouraging, but more needs to be done on privatisation, clean-up of banking mess, anti-protectionism, and de-politicisation of govt bodies, writes T N Ninan

Airport privatisation gets a fillip as Lok Sabha passes AERA bill

Move to club smaller loss-making AAI-run airports with larger ones being done as it was felt privatising larger airports would leave AAI with only small loss-making airports

Top headlines: Fed on US economy, IAF deploys Rafales to counter China

Business Standard brings to you the top headlines on Thursday

Union Cabinet paves the way for privatisation of govt-owned insurers

The finance ministry will move amendments to the insurance Act in the ongoing Parliament session

SPV for land, asset monetisation of PSUs soon: DIPAM Secretary

Department of Investment and Public Asset Management is working to implement the Budget announcement for having a specialised entity to monetise non-core assets

Best of BS Opinion: Hope fades for PSBs, a future without promoters & more

Here are the best of Business Standard's opinion pieces for Wednesday

YSRCP to raise Visakhapatnam steel plant privatisation issue in Parliament

YSRCP parliamentary party leader V Vijayasai Reddy informed his party will raise issues of privatisation of Visakhapatnam Steel Plant and special category status for Andhra during monsoon session

Best of BS Opinion: Fresh Covid worries, India's Afghan crisis, and more

Here are the best of Business Standard's opinion pieces for Thursday

Making PSUs board-yukt and sarkar-mukt

PSUs have played a well-defined role in India's progress over 74 years. Some have delivered sterling outcomes that the return-seeking, capital-poor private sector would have been unable to do

Real winners of the reshuffle

New responsibilities for the finance minister and the home minister indicate the government's focus on privatisation and cooperatives

Best of BS Opinion: Real winners of reshuffle, message in a bottle & more

Here are the best of Business Standard's opinion pieces for Wednesday

Re-nationalising British Rail

Vinayak Chatterjee looks at the stresses in public-private partnerships

FinMin gets bigger: Dept of Public Enterprises now part of Finance Ministry

Finance Ministry will now have six departments while DPE's hereto parent ministry, the Ministry of Heavy Industries and Public Enterprises will now be called the Ministry of Heavy Industries.

Govt readies amendments to GIBNA for insurance PSU privatisation

The government is working on amendments to the GIBNA Act, and a Bill for that is likely to come up in the upcoming monsoon session