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CLOSURE OF PSUS
Unplug dead PSUs PS bureaucratic zzzIndia's government struggles to close ailing state-owned companies. Bureaucratic hurdles and complex asset sales delay closures. This ties ...- Earnings vs signals: Q4 results may matter more than they lookThe March quarter earnings season arrives at an inflection point, with stable numbers masking underlying economic shifts. Escalation of the...
- Piyush Goyal to chair meet to decide fate of 3 PSUsCommerce and industry minister, Piyush Goyal, will chair a meeting next week to discuss the closure of three state-owned companies: Metals ...
- Government set to close loss-making PSUs“There are several cases where the disinvestment process has been going for years. There is very little interest in some of the companies. ...
- Cabinet okays Rs 330 crore loan to 3 pharma PSUs for clearing staff liabilitiesOf the Rs 330.35 crore, Rs 158.35 crore will be utilised to clear unpaid salary and Rs 172 crore for meeting the VRS liability.
- Government to shut down 15 loss-making PSUsThere were another half-a-dozen sick public sector companies, which had been identified by NITI Aayog for closure, but their fate remained ...
- Niti Aayog working on second list of PSU divestmentIt had submitted two separate lists of PSUs - one comprising those that can be closed down and the other of those where government can dive...
- Niti Aayog suggests closure of eight sick PSUs"These eight units are out of 74 loss-making public sector undertakings identified by the Niti Aayog for closure or sell off," said a sourc...
- Privatise unlisted PSUs: NITI AayogRs 36,000 cr is estimated to come from minority stake sales in PSUs, and remaining Rs 20,500 cr from strategic sales in profit and loss mak...
- Government moves closer to shut down 3 HMT units, Tungabhadra SteelGovernment said it has submitted closure proposals related to four companies including three HMT units and Tungabhadra Steel to CCEA for ap...
- Department of Public Enterprises to seek Cabinet nod for clearance of VRS funds: Anant Geete"Now, we have to send individual proposals relating to VRS of each company to the Cabinet for funds. That should be cleared within three mo...
- Government decides to shut seven more terminally ill PSUsThe government has approved closure of seven terminally ill public sector units, including HMT Watches, that have incurred a total loss of ...
- CAG for new framework for revival/closure of sick PSUsThe new mechanism, it added, should also focus of ensuring better synergy between the various agencies involved in revival or closure exerc...
- A step back for state on divestment pathThe Maharashtra government on Thursday put its disinvestment policy in deep freeze.
- State will axe the ‘board’, not the loss-making PSUThe Maharashtra government, it seems, has given up the path of reforms. The government has now decided to dissolve a board it had set up se...
- BYNL may face closure, awaits cabinet approvalState-owned Bharat Yantra Nigam Limited (BYNL) is likely to be wound up.
- Little profit from PSUs despite huge investmentProfit made by central public sector undertakings stood at Rs 74,432 crore in ’04-05, which is almost half of the funds invested by the gov...
- Plan panel favours closure of 27 PSUsTaking a cue from the National Common Minimum Programme, the Planning Commission has favoured winding up of 27 chronically sick public sect...
- On block: 7 PSUs face closure, 11 listed for selloffA red signal from the Left parties might have halted privatisation of public sector companies for now, but the UPA government has initiated...
- SCOPE suggests closure of 70 PSUsThe Standing Conference of Public Enterprises (SCOPE) has suggested the Central government to close some 70 PSUs that are not viable in the...
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