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SICK PSUS
Set aside divestment proceeds for sick PSUs revival: Parliamentary panelThe government has set a target of raising Rs 80,000 cr in 2018-19 by selling stake in PSUs, with strategic divestment of 24 CPSEs on the c...- Niti Aayog making new list of sick PSUs for divestment: Amitabh KantThe Prime Minister's Office (PMO) had asked the think- tank to look into the viability of sick state-run companies.
- Sick PSUs closure have gone 'very well': Arvind Panagariya"Closure of 18-20 sick PSUs have gone very well actually. And 17 loss-making PSUs are cleared for privatisation by the cabinet. Unfortunate...
- Rajasthan to use PSUs surplus money for financing sick unitsThe Rajasthan government will use surplus money of state PSUs for providing finance to power companies and sick units, a state minister sai...
- Government may wind up BRPSE, constitute new entity for sick PSUsThe move to wind up BRPSE is expected to clear way for the government to pursue option of stake sale in most of the sick 65 central public ...
- Five sick PSUs to be shut, employees to get good VRS: Anant GeeteFive sick PSUs will be shut down and the government will pay good VRS package to their employees, according to Heavy Industries Minister An...
- MTNL, HMT shares tank on heavy sellingShares of MTNL and HMT witnessed huge selling pressure today, falling up to 19 per cent, after reports said these firms are among a list of...
- SAIL, BHEL, HMT identified to takeover three sick PSUsGovernment has identified three sick PSUs which will be either merged or taken over by SAIL, BHEL and HMT, Parliament was informed today.
- Government plans asset reconstruction like company to revive or sell sick public sector unitsThe government plans to set up a company on the lines of an asset reconstruction firm that will have the mandate to revive or sell sick sta...
- PESB examining reasons for sickness among PSUsThe Board would try to find out the factors, other than basic ones like funds shortage and obsolete technology, for sickness in public sect...
- CCEA may soon take up proposal to revise pay in 18 sick PSUsThe CCEA is expected to take up soon the proposal to revise salaries of employees in 18 sick PSUs which have the potential for revival.
- Cabinet to soon take up issue of revised wages in 18 sick PSUsThe Department of Public Enterprises (DPE) has submitted a proposal to the Cabinet for revising salaries in 18 sick CPSEs.
- 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...
- Government may raise retirement age by 2 years in sick PSUsA senior official in the ministry of heavy industries and public enterprises said the move will benefit over 100,000 employees across 50 ai...
- Move to raise retirement age in PSUs are on revival pathIn order to nurse back sick PSUs to health, the government is considering to enhance the retirement age of employees to 60
- Board-level officials may get extra benefits for working in sick PSUsBoard-level officials in state-run cos may get extra benefits if they agree to serve in sick public enterprises.
- Ailing PSUs may get lifeline through banksThe government may throw a lifeline to ailing state-run firms by asking public sector banks to offer easy financing options.
- 14 sick PSUs return back to healthOf the 36 sick PSUs which received approval for fund injection by the government, 14 have been nursed back to health in the last two years.
- Govt plans to give CEOs of sick PSUs fat pay hikesThis may sound funny, but the government is serious about giving grand pay hikes to CEOs of sick public sector units (PSUs).
- Ministries get 8 weeks to decide fate of sick PSUsA final decision on the fate of 29 sick PSUs is just a few weeks away.
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