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CLOSURE OF PSUS
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 PSUs
The 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 path
The Maharashtra government on Thursday put its disinvestment policy in deep freeze.
- State will axe the ‘board’, not the loss-making PSU
The 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 approval
State-owned Bharat Yantra Nigam Limited (BYNL) is likely to be wound up.
- Little profit from PSUs despite huge investment
Profit 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 PSUs
Taking 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 selloff
A 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 PSUs
The Standing Conference of Public Enterprises (SCOPE) has suggested the Central government to close some 70 PSUs that are not viable in the...