Page 3 - Public Sector

Central Bank withdraws IBC case as Aban Offshore pays one-time settlement

The company has repaid outstanding principal of Rs 121.78 crore to the bank, is in talks with other lenders for debt resolution plan

Centre may cap upcoming first green bond issues at Rs 25,000 crore

Green bond proceeds will be used to fund projects which will help India meet COP commitments

Private good, public loss: PSEs have been losing mkt share to private peers

A Business Standard analysis of data in the CAG report shows the market share of the four insurers is eroding

Why are top PSU companies not hiring?

Post pandemic, the private sector stepped up hiring, absorbing a bulk of skilled workforce. But what about the public sector giants? Are they matching up to India Inc in hiring? Let's find out

SBI hikes MCLR for various tenures by 20 bps; third hike in three months

SBI's MCLR rate for overnight to three-month has increased to 7.35 per cent from 7.15 per cent, while six-month MCLR has increased to 7.65 per cent from 7.45 per cent

NCLT admits Bank of India's insolvency petition against Future Retail

IRP appointed; corporate insolvency resolution process to start against the retailer

Economic Survey: Govt sets up National Land Monetisation Corporation

The government has set up a National Land Monetisation Corporation to fast track monetisation of land and non-core assets of public sector entities, the Economic Survey said on Monday. So far, CPSEs have referred 3,400 acres of land and other non-core assets for monetisation from CPSEs including MTNL, BSNL, BPCL, B&R, BEML, HMT Ltd, Instrumentation Ltd. Since, the desired skill set to take on the responsibility of management and monetisation of non-core assets in government is limited, Finance Minister Nirmala Sitharaman in 2021-22 Budget had announced setting up of a Special Purpose Vehicle (SPV), with capacity and expertise, to carry out the monetisation of the land and other non-core assets in an efficient and prudent manner, in line with international best practices. "In pursuance of the Budget announcement, National Land Monetisation Corporation (NLMC) is being incorporated as a 100 per cent Government of India owned entity with an initial authorised share capital of Rs ...

Conflicting trends for energy stocks: State polls only add to uncertainty

Petrochemicals producers may have seen declines in bottom lines

Lok Sabha passes bill to amend public sector general insurance law

Lok Sabha on Monday passed a bill to amend the general insurance law to allow the government to pare its stake in state-owned insurers.

SAIL chief Soma Mondal is new chairperson of SCOPE

SCOPE is an apex professional organization representing the Central Public Sector Enterprises (CPSEs)

Reservations about quotas

They can be self-defeating in the new economic paradigm

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'

Rail PSU invites private players to be part of 'roll-on roll-off' service

Railway PSU DFCCIL has floated a tender inviting private players to be part of a roll-off, roll-on service

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

Public sector IPOs warm up to anchor investors a decade down the line

Centre for the first time exercises provision for IRFC issue

People opting for lower tax regime not eligible for LTC stimulus: Govt

LTC incentive expanded to employees of the private sector, the public sector units and state governments.

Of lockdown laziness and change agents

Negligent at the best of times, our public sector undertakings have become even more lazy during these months of lockouts

Covid-19 is unravelling the intolerable dichotomy of India's labour market

There was a time when pay cuts we see today were a complete no-no; govt and public sector jobs were considered safe, as pay and pensions were both assured. Not any longer, it seems, writes T N Ninan

Back to the public sector?

Of the Rs 102 trillion to be deployed through to FY25, 78 per cent is to be mobilised by the public sector and 22 per cent by the private sector.

Best of BS Opinion: Building good society, telecom crisis and more

Our analysis and opinion on what to learn from the Cyrus Mistry vs Ratan Tata fight and how to build a better society with nine things.