Page 18 - Psus

Squeezing PSUs

Demanding second interim dividend is bad optics

NPAs of public sector banks decline by over Rs 230 bn in March 2018: FinMin

Various initiatives taken by the government have yielded results, with the bad loans of public sector banks declining by over Rs 23,000 crore from a peak of Rs 9.62 lakh crore in March 2018, said a senior finance ministry official. At the same time, public sector banks (PSBs) have also made a record in recovery of Rs 60,726 crore in the first half of the current financial year, which is more than double the amount recovered in the corresponding period last year. "Gross non-performing assets (NPAs) of PSBs have started declining after peaking in March 2018, registering a decline of Rs 23,860 crore in the first half of the current financial year," Financial Service Secretary Rajiv Kumar said. According to the latest finance ministry data, non-NPA accounts overdue by 31 to 90 days (Special Mention Accounts 1 & 2) of PSBs have declined by 61 per cent over five successive quarters - from Rs. 2.25 lakh crore as of June 2017 to Rs 0.87 lakh crore in September 2018. "This has ...

Cabinet approves plan to list 6 state-owned firms, dilute stake in one

The government has set a disinvestment target of Rs 800 billion this financial year, but in the first half it managed to mop up a little over 10%

Govt likely to make additional capital infusion in state-owned banks: Garg

According to sources, the government is considering additional capital infusion of up to Rs 300-400 billion in PSBs as they have been unable to raise required funds from the markets

PSUs cut dividend 2nd time in a decade as cash reserves continue to dwindle

The combined dividend pay-out by state-owned firms, excluding banks, down 9.3% in 2017-18; Combined cash reserves at all-time

Government okays revised guidelines on time-bound closure of sick PSUs

The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi here

Over 8 PSUs to enter capital markets next year: DIPAM secy Neeraj Gupta

Through RITES IPO, the government plans to sell 12% stake to raise an estimated Rs 6 billion

What type of enforcement is suitable for PSUs?

Serving chief executives and directors of a PSU are debarred from taking up non-official positions on other boards

Little headroom for PSUs to invest

Non-oil PSUs have seen a sharp jump in their indebtedness in past three years while capacity utilisation remains low

Govt may sell up to 60% stake in producing oilfields of ONGC, OIL

India is the world's third-largest crude importer, buying 80 per cent of its supplies from overseas

Brief case: PSUs waste public money on litigation, says SC

A weekly selection of key court orders

Public float norms: Govt gives itself a reprieve

Market experts said the government should spread out the disinvestment in the 24 PSUs

More PSUs likely to be sold soon

Centre might move swiftly on its next round of strategic sales in CPSEs

No exceptions: Listed PSUs must match private firms in corporate governance

Hard deadlines should be set for compliance with these minimal standards of governance

Hope floats for minimum public shareholding in PSUs

Govt will have to tweak the SCRR before August to provide leeway to the 25 PSUs

PSUs to invest Rs 30,000 cr to revive four fertiliser plants

Move is expected to make India self-sufficient in urea production & cut imports

Govt plans stake sale worth Rs 34,000 cr in IOC, SAIL, five other PSUs

Other companies on radar are hydro-power firm NHPC, Power Finance Corporation, REC and NLC India Ltd

State-owned power company gives shock to PSU profit in Chhattisgarh

CAG pegs PSUs' loss at Rs 1,108.05 crore

How four PSUs are paying dividends in record time

Primer on Sebi LODR regulation 29 and 42

Public sector does the rescue act

Indeed, PSUs are known to put their foot down if an unviable decision is forced on them