Spectrum auction and divestment proceeds likely to disappoint, subsidies are likely to overshoot the Budget target and there might also be some shortfall in tax collections.
The government has decided to go ahead with the privatisation of Hindustan Copper Ltd, setting aside concerns over the fate of units, which were partially nationalised.
Finance Minister P Chidambaram on Thursday made a double pitch for public sector companies. First he urged private sector companies to enter into joint venture partnership with PSUs
Condemning moves by the government to privatise IOC, its employees unions on Wednesday threatened to go on an indefinite strike until the issue was resolved, but ruled out seeking judicial intervention on the matter.
The government on Friday night decided to approach the Supreme Court for clarification on certain aspects of the judgement halting the privatisation of two public sector oil units.
His statement comes in the wake of a Supreme Court order halting divestment in two oil PSUs.
Ruling out divestment in public sector units under his ministry, Chemicals and Fertilisers Minister Ram Vilas Paswan said on Thursday that the government would make all efforts to revive ailing enterprises like Hindustan Antibiotics Ltd.\n\n\n\n
The government has divested stakes in 33 units including 22 hotels of ITC and Hotel Corporation of India since 1999-2000, and there has been an improvement in the performance of most public sector undertakings after divestment.\n\n\n\n
A day after the Centre formally called off strategic sale of stakes in 13 profit-making PSUs, Finance Minister P Chidambaram on Wednesday
Four left parties on Wednesday asked the government to stop divestment of 35 public sector undertakings including BHEL, PowerGrid Corporation and Power Finance Corporation saying the move would adversely affect the development of PSUs and would also
Under attack from Left parties on the Centaur Hotel sell-off, Finance Minister P Chidambaram on Tuesday
The sale of controlling stake in 13 public sector companies, which had been cleared by the previous government, has been called off, Rajya Sabha was told on Tuesday.
Dayanadhi Maran, the new IT and telecommunications minister, also announced a 10-point agenda, including revamping the telecom policy, to reduce the cost to customers.
The Union Cabinet on Thursday deferred a decision on selling equity in two public sector undertakings BHEL and Maruti.
The government will offload a portion of its equity in Bharat Heavy Electricals Ltd and Maruti Udyog in the market by the end of this fiscal to mop up over Rs 2000 crore (Rs 20 billion).
Supreme Court on Friday issued notices to the Union government and public sector oil majors Hindustan Petroleum Corporation and Bharat Petroleum Corporation on a public interest litigation challenging the Centre's decision to privatise.
Reliance Industries is understood to have declined an offer by the government to pick up an additional five per cent equity in IPCL for raising its stake to 51 per cent
The divestment commission on Thursday recommended privatisation of Kolkata-based conglomerate Andrew Yule and Co and favoured offering 40 per cent stake in Indian Vaccine Corporation to IPCL.
State gas transmission firm Gas Authority of India Ltd on Friday filed the draft prospectus for the public issue of government's 10 per cent stake with capital market regulator Securities and Exchange Board of India.
Government on Tuesday decided to sell 10 per cent stake in India's largest profit making firm Oil and Natural Gas Corp and gas transmission monopoly Gail (India) Ltd.\n\n
In the first case of divestment under the United Progressive Alliance regime, government will file the draft prospectus next week for sale of its equity in National Thermal Power Corp, Power Minister P M Sayeed said on Friday.
Consequent to the Supreme Court's verdict on HPCL, BPCL divestment the government is understood to have halted the sale of its residual equity in privatised companies like Videsh Sanchar Nigam, IBP and IPCL.
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