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FINANCIAL RESTRUCTURING CPSES
Pawan Hans asked to chart financial and organisational turnaround plan by DecemberThe Department of Public Enterprises has requested Pawan Hans to draft a five-year turnaround plan. This plan should address financial rest...
Pivot to Privatisation 2.0: Why IDBI Bank’s sale should rev up India’s push to privatise remaining non-strategic PSBs and PSUsLast week, the Cabinet Committee on Economic Affairs approved the sale of IDBI Bank's majority stake. The stake, held by the Government of ...
PSU stocks: New rules for share buyback, bonus issue, stock split and dividendThe finance ministry has updated capital restructuring guidelines for non-bank public sector enterprises (PSUs) to ensure optimal fund util...
Capital restructuring norms for CPSEs updated to add valueIndia's finance ministry has revised guidelines for capital restructuring by central public sector enterprises (CPSEs), aiming to enhance t...
Govt revises dividend, buyback and bonus issue norms for CPSEsThe Indian government has updated its guidelines for Central Public Sector Enterprises (CPSEs) capital restructuring. The revisions include...
DIPAM issues revised capital restructuring norms for CPSEsIndia's Finance Ministry has updated guidelines for capital restructuring by Central Public Sector Enterprises (CPSEs), requiring a minimum...
Centre gets a dividend boost as receipts from state-run undertakings surpass revised estimates by 26% to Rs 63,000 crIn March, the government received hefty dividend tranches from ONGC (Rs 2,964 crore), Coal India (Rs 2,043 crore), Power Grid Corporation o...
View: For decades, privatisation was a dirty word in India. Not anymoreIt took 21 years to state similar objectives on disinvestment. Immense political capital had to be spent by the Atal Bihari Vajpayee govern...
Govt preparing list of profit-making arms of CPSEs for listingCurrently, profit making CPSEs with a minimum net-worth of Rs 500 crore are listed on the exchanges.
Govt sets sights on Rs 5,000 crore via share buybacksThe Centre expects Coal India share buyback to take off by January-end, a report said.
Cabinet gives nod to wage policy framework for CPSE workersThe decision on the wage policy for the eighth round of negotiations for the workers was taken at the Union Cabinet meeting chaired by Modi.
Sick PSU units must get reasonable revival chances: Parliamentary panelIn its report, the Department Related Parliamentary Standing Committee on Industry said it is always prudent to keep in mind that CPSEs are...
Uniform policy in the works to shut loss-making CPSEsThe new policy will detail a plan for central assistance on loans for payment of salaries, wages and statutory dues to sick companies.
Loss-making PSEs may be merged with profitable peers for investment fundsThe move comes after the NITI Aayog submitted a report on loss-making central public sector enterprises (CPSEs), suggesting consolidation i...
CAG audit states that CPSEs did not issue bonus sharesIn its audit report, the CAG has noted that in case of eight CPSEs, managements are yet to amend Articles of Association to provide for buy...
Budget 2016: PSUs to monetise idle assets; Disinvestment Department renamedFinance Minister Arun Jaitley today said the the NITI Aayog will identify the state-owned companies which would be eligible for strategic s...
Govt issues norms for revival of sick public sector unitsGovernment today issued the guidelines for revival and restructuring of ailing and weak Central Public Sector Enterprises.
- Govt approves Rs 122 cr for clearing dues of 9 CPSEs
The govt today approved a non-plan budgetary support of Rs 122.65 crore for clearing of statutory dues including salary and wages of nine s...
- Government considering non-plan loan to 8 sick CPSEs: Praful Patel
Patel said the Board for Industrial and Financial Reconstruction (BIFR) has suggested various measures for revival of sick industrial CPSEs.
- Public funding suffers in reforms era
The government’s attempts to attract private investment in key economic sectors has begun to hurt public investment.