Page 4 - Public Sector Undertakings Psus

The PSU conundrum

Demanding higher payouts will affect growth prospects

PSUs asked by govt to pay higher dividends have little room for more

Listed PSUs have paid dividend worth Rs 2.75 trn in last 5 yrs

MNC stocks ruling the roost since 2008, public sector firms remain laggards

Family-owned units rank second, while public sector firms remain laggards

Ministries, PSUs, banks to stop printing calendars, diaries, greeting cards

The decision has been taken given the fact that using technological innovations for planning, scheduling and forecasting is known to be economical, efficient and effective

Government extends deferred customs duty payment to authorised PSUs

The scheme of deferred payment of customs duties was first introduced in November 2016 for top importers, certified as Authorized Economic Operators (AEOs)

Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept

She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said

ONGC seeks exemption from applicability of some governance norms

Says listing regulations don't apply to it as govt makes board appointments

Explained: How Chinese firms won some of India's recent PSU tenders

Not just for cost-effectiveness, public sector firms turn to China for lack of domestic qualified bidders, technology

Oppn accuses Centre of usurping states' powers, demands revised stimulus

The opposition demanded that the Centre "consult state governments while allowing international/domestic flights".

Govt allows Indian public companies to directly list shares overseas

The move will help Indian companies get access to multiple jurisdictions for raising capital, with differing costs and listing conditions, said experts

PSUs in non-strategic sectors to be privatised, says FM Sitharaman

In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed

FM has leveraged banks and PSUs to deliver the goods

The credit angle is interesting for them as the Rs 3 trillion to be disbursed by banks would go as collateral free debt for four years with a 12-month moratorium

Blue chips see cuts in target prices; half of Nifty sees cuts of over 15%

According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.

Covid-19 impact: Missing disinvestment targets will have consequences

Any slippage in disinvestment numbers combined with other revenue shortfall would mean the govt would have to borrow more in the market

Government ends FY20 divestment programme with Rs 14,700-cr shortfall

The planned IPO of Indian Railway Finance Corporation (IRFC) and an Rs 8,000-crore sale of the Centre's stake in ITC and Axis Bank through SUUTI, have now been put on hold

Voda idea, BHEL, ZEE see sharp wealth erosion as investors lose Rs 5 trn

The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals

Collateral damage? PSU majors stare at huge AGR bill after SC's judgment

The government has set up a committee of secretaries to look into all issues

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

Back to more govt staff, more PSU outlay

In the first three years of Mr Modi's first term, he did remarkably well in reducing the headcount of government staff in various central ministries to 3.23 million

A road map for PSUs

Time to address the bigger underlying issues