Page 16 - Psus

Govt begins search for next SAIL chairman, position gets vacant in Dec 2020

A K Chaudhary, SAIL's current chairman assumed the position in September 2018, is scheduled to retire in December 2020

Capex boost of Rs 98,000 cr by big PSUs to spur economy: FM Sitharaman

Economic growth rate fell to over six-year low of 4.5% in the second quarter of 2019-20

Privatisation to the rescue: But will it work? Here's how it can be made to

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

Rescuing India's PSU behemoths coming at the cost of fiscal restraint

Modi has received more than $28 billion from state firms since he came to power in 2014, by extracting dividends or getting PSUs to buy out the government's stake

Delhi govt PSUs incurred Rs 2,909 cr losses as on March 2018: CAG Report

By March 2018, there were 18 state PSUs which included 16 government companies and two statutory corporations

Non-telecom PSUs facing AGR crisis plan to oppose DoT's higher licence fee

On October 24, the Supreme Court ruled that AGR for telcos should include all revenue accrued to carriers, including that from non-core activities, backing the DoT's stance in a 16-year-old case

India's PSUs should bid for international projects as consortium: Report

CII report, titled 'Can the Indian PSEs enhance their Geo-strategic reach', presents a roadmap to expand exports and geo-strategic reach of public sector enterprises by 2022

Letter to BS: Strategic sale welcome decision but should have come earlier

It sounds good but perhaps not as easy to achieve

Going for more professionalism in PSUs via equity dilution: Pradhan

The Union Cabinet on Wednesday decided to sell its entire stake in three enterprises and bring down stake below 51 per cent in select PSUs

Industry body suggests scrutiny for PSUs on par with private firms

The suggestion is part of the Competitiveness Model developed by CII Research comprising six key elements to enable CPSEs to compete successfully in the global marketplace

Corporate credit growth slows as banks prefer PSUs, top-rated cos

Lenders restrict funds to companies with lower ratings

MFs focus on large-cap in Q2, markets bet on public sector companies

Fund managers say PSUs look attractive as valuations are cheap and possibility of strategic sales offers room for value unlocking

CCEA may consider govt's stake cut in some PSUs to below 51% next week

This move is different from privatisation as the Centre will continue to hold a majority stake in these companies and they will still be classified as public sector enterprises

Dipam keeps ball rolling for stake sale in Bharat Petroleum and others

Even after six months of the current financial year, the government has been able to achieve only 12 per cent of its disinvestment target of Rs 1.05 trillion

PSUs lose 22% in 2019 amid market volatility and multiple headwinds

Market observers believe that PSUs have been under pressure since 2018

Govt invites bids from advisers for strategic disinvestment of 3 PSUs

In strategic disinvestment, a buyer also takes the management control.

Time to do away with fiscal responsibility law? No virtue in stipulating 3%

Target years for reaching the desired fiscal deficit are pushed back; and when FMs are unable to get close to targets, they fudge the books and push the burden on to hapless PSUs, writes T N Ninan

BPCL to SCI, group of secretaries clears strategic stake sale in five PSUs

The sale may fetch over Rs 60,000 crore

Govt asks PSUs to clear vendor dues by Oct 15 to boost spending, growth

Finance Secretary Rajiv Kumar said 34 central PSUs have already spent Rs 48,077 crore till August and have detailed spending of another Rs 50,159 crore till December 2019

FM's stimulus push: Govt to clear Rs 20,000 cr dues by Oct 1st week

"Money should go where people have been waiting. Money should get going to the ground level," she said