Page 17 - Psus

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

Govt to appoint global consultants to sell excess land holdings of PSUs

The process, to be carried out by the Niti Aayog with the help of the Finance Ministry's DIPAM, will be a big source of revenue in the next two years

From ONGC to Coal India, PSUs set to pay higher dividend with tax savings

The PSU stocks, though, could see risk due to greater disinvestment for fiscal 2020, global financial firmBank of America Merrill Lynch said

Centre is looking at cutting import duties: BJP's Gopal Krishna Agarwal

Now, banks are sitting on a lot of liquid cash. Similarly, our corporate houses have liquidity in their systems. They have to invest, he said

Letter to BS: Banks, PSUs must get free hand to manage their resources

The government and the RBI will have to ensure that all banks get a level playing field to manage their businesses professionally

Finance ministry asks departments, PSUs to expedite capital expenditure

These capex reviews come just a day after Finance Minister Nirmala Sitharaman met representatives of the infrastructure sector

From Coal India to ONGC, shares of PSUs log biggest gain in four months

Among its constituents Coal India rose 7.3 per cent, ONGC 5.3 per cent, BPCL 4.5 per cent, and Nalco and Indian Oil by above 3 per cent each

Letters to BS: Let's get real, merging PSUs doesn't amount to privatisation

Merging one public sector undertaking with another, transferring stake from one pocket to a different one is a sort of game played by all successive governments

Selling less while raising more

Clearer commercial focus and tighter financial discipline may yield a steady steam of dividends

Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more

From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday

India's leading PSUs stare at weak balance sheet and rising debt

There has also been a sharp dip in cash reserves available with PSUs

No protection to PSU employees from criminal persecution, rules SC

Apex court asks trial court magistrate to try and finish trial against BSNL employees within one year

The structure of asset sale

A vital question for the government, however, is whether it wants to pursue both equity disinvestment in PSUs and asset sale, simultaneously, and whether one company can figure in both programmes

Govt needs to sell stake of over Rs 250 billion as deadline draws near

Sebi had given an extension last year for PSUs to meet 25% minimum public shareholding rule

Modi govt exploring opportunities for more mergers in energy: Dipam secy

FM Sitharaman said strategic disinvestment of select central PSUs would remain priority for this government

Corporate governance of PSUs: A case for change

There is relative lack of accountability and transparency compared to the mandate for companies in the private sector