Page 16 - Privatisation

Govt gets multiple bids for Shipping Corporation of India privatisation

The last date for submitting the bids was February 13, which was later extended to March 1

Adani Group likely to bid through MIAL in next round of privatisation

The group is reshuffling top management of Mumbai Airport after acquiring 74 per cent stake last year

Privatisation of private sector units against interest of people: AITUC

AITUC said "it deplores the policy of selling the PSUs, the national wealth to the corporates of Indian and foreign brand against the interest of our people and our country."

Privatisation to unleash new opportunities, boost investment: India Inc

India Inc on Thursday said privatisation except in strategic sectors would unleash exciting opportunities, boost investments in infrastructure and create jobs.

PM Modi on how govt will use funds from privatisation, asset monetisation

Prime Minister Narendra Modi on February 25 made a strong case for privatisation of public sector undertakings that he said burdened the taxpayer, and stressed that the government has “no business to be in business”. He said his regime has set a target to monetise 100 PSUs in oil, gas, airports, ports, power, among other areas, which will draw Rs 2.5 trillion of investment. Watch the video for PM Modi’s full speech.

Plan to monetise 100 public sector assets, drawing Rs 2.5 trillion: PM

Says government has no business to be in business; 'Our mantra is monetise and modernise'

PM Modi says govt committed to selling non-strategic PSUs

Modi on Wednesday made his strongest pitch for privatisation of non-strategic PSUs

Govt plans to privatise PSUs in all sectors barring 4 strategic ones: PM

The government has no business to be in business, said Modi speaking at a webinar on various reforms undertaken by the government

The 'babu' question

Appointment of bureaucrats as PSU heads is illogical

Kolkata Port sails on asset monetisation, intends to expand portfolio

India's oldest port has been leasing its vast land bank for decades. With the Budget announcing plans to monetise public assets, it intends to expand its portfolio and extend to non-land assets, too

Land policy delay hurdle to Container Corporation sale, says panel

Railway ministry denies charge, says divestment planned for next year

New tack on economic policy: Why's Modi govt going against its natural instinct?

The promise of a less suspicious govt is surprising. What about the disconnect between the new business stance and earlier push to dictate the narrative in politics and public life, wonders T N Ninan

Govt's divestment plan for Shipping Corp is not going to be easy sailing

An asymmetric tax policy and the Navaratna's own fleet quality could make potential buyers wary

Pawan Hans privatisation received multiple preliminary bids: Dipam secy

The government has received multiple preliminary bids for strategic sale of Pawan Hans, DIPAM Secretary Tuhin Kanta Pandey said on Thursday.

Privatisation of CPSEs during recession time a horrible idea: Pronab Sen

CPSEs in a recession time is a "horrible idea" as legitimate requirement of the financial sector to meet current requirement is further eroded, former chief statistician Pronab Sen said on Thursday

Best of BS Opinion: PSB privatisation, vaccinating India brilliantly & more

Here's a selection of Business Standard opinion pieces for the day

Govt to bring amendments to two Acts to enable privatisation of PSU banks

To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year

Start with smaller banks

Govt must have a clear road map for PSB privatisation

India considers new panel to quicken privatisation of state-run firms

An external panel will help accelerate the asset sale process and bypass red tape, according to the people.

Betting on the public sector

History will judge this Budget based on whether the Centre's big bet on a public sector borrowing-driven growth revival works out