She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
Foreign brokerages said if SBI decide to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired.
After netting a mere Rs 1,570 crore in 2005-06 and 2006-07, divestment proceeds could well touch Rs 5,000 crore in this financial year.
Batting for greater transparency, a Sebi panel said sound corporate governance helped companies generate "significantly greater returns".
If Mr Modi is not in favour of privatisation, he should outline what alternative strategies he has in mind to revive PSUs whose deteriorating finances have become a drag on central resources.
Emphasising the government's commitment to modernising and expanding PSUs, Prime Minister Manmohan Singh on Sunday said his government has no "divestment strategy" for state-run units.
Concerned over the flight of talent from public sector undertakings to private sector, officers of profit making public sector units have threatened to go on an indefinite strike from December 22 seeking higher salaries.
The government on Monday announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy.
A Parliamentary Standing Committee praised the government for the wrestling and boxing facilities at the Sports Authority of India's Sonepat Center but pointed out that "excellence needs to be replicated for other sports disciplines".
"The Corporation has decided to offer a voluntary retirement scheme, with a view to enable employees who are not in a position to continue in service of the Corporation due to various personal reasons, to request for grant of voluntary retirement from the services of the Corporation," Bharat Petroleum Corp Ltd (BPCL) said in an internal notice to its employees.
Government had last week issued bonds worth Rs 11,256.92 crore (Rs 112.56 billion) to three PSU oil marketing companies to compensate them for under-recoveries on selling petrol, diesel, domestic LPG and PDS kerosene in April-September 2007 period.
The divergence shows lack of financial depth in the Indian stock markets.
The drive of the disinvestment department to move ahead with its plan to raise Rs 40,000 crore was often neutralised by the desire of the administrative ministries to get better valuation and better price for the shares of the companies put on the block.
Jet fuel (ATF) price was on Monday hiked by a steep 56.5 per cent and that of non-subsidised cooking gas LPG by Rs 11.5 per cylinder on the back of firming up of international oil rates, but petrol and diesel prices continued to remain on freeze for a record 78th day. Aviation turbine fuel (ATF) price was hiked by Rs 12,126.75 per kilolitre (kl), or 56.5 per cent, to Rs 33,575.37 per kl in the national capital, according to a price notification by State-owned oil marketing companies.
Retail investors should carefully follow recent moves on high dividend payouts or stake sales in state-controlled companies
BSNL Chairman and Managing Director P K Purwar told PTI that the scheme will be open between November 4 and December 3, and that instructions have already been given to field units to inform employees about the VRS offering.
Three public sector companies are planning to set up 60-80 megawatt solar plants with an investment of Rs 1,000-1,200 crore (Rs 10-12 billion). The projects will come up in Rajasthan, Punjab and the Leh region of Jammu and Kashmir.
The web page also enables filing of grievances in relation to the implementation of GST
What should have primarily served as an instrument for improving PSU management has over the years become a mere financial exercise to raise revenue to reduce the fiscal deficit.
The civil aviation ministry is hopeful of further reduction in the price of aviation turbine fuel this year.
'Neither farmers nor farm labourers will benefit from these jumla announcements of the finance minister'
The package includes raising of Rs 15,000 crore sovereign bonds to meet the immediate capital requirement of both the companies, 4G spectrum allocation worth Rs 20,140 crore, Rs 29,937 crore for VRS covering 50 per cent of their employees, and Rs 3,674 crore for goods and services tax that will be levied on allocation of radiowaves.
Finmin wants higher advance tax from India Inc, interim dividend from PSUs.
The government on Tuesday decided to cancel the examination for appointment of postmen held on July 14 to hold it in all local languages including Tamil.
The Indian stock markets may turn bearish after the US Fed decides to raise interest rates.
Many believe that marketing budgets could be a hurdle.
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The govt has not received any proposal to reduce retirement age of employees.
Yes Bank was the top loser in the Sensex pack, crashing 8.36 per cent, followed by NTPC, M&M, Vedanta, Sun Pharma and TCS, which lost up to 4.81 per cent lower.
Left parties on Monday agreed to consider government proposals to divest small percentage of equity in non-Navratna profit-making PSUs on a case-to-case basis.
To make the government directors more accountable, the bureaucrats who sit on the boards of central public sector companies will now be evaluated for their performance.
The dip in campus placements has resulted in increased registrations for the GATE, making it more competitive.
IIT Kharagpur gets more than 1,000 job offers in a record five days, with 144 companies visiting the campus till Dec 5
Strengthening their presence in the international long distance telephony segment, state-run telecom companies BSNL and MTNL are likely to finalise the proposed joint venture company for setting up a submarine cable link before this fiscal.
A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven oil prices to their highest level in nearly four months. The attack has knocked out over half of Saudi Arabia's production as it cut 5.7 million barrels per day or over 5 per cent of the world's supply.
A high-level committee on oil PSU recast has advised against merger of any state-run firms and recommended a national shareholding trust to hold government stake in them.
In an online chat, Jitendra Sinha, co-founder and head of academics, Gateforum addressed students' queries on how to crack the GATE 2013.
Telecom services across the country could suffer, with the Department of Telecom ready to recall over 2,200 of its officers on deputation in MTNL and BSNL.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
Jaitley assured the Lok Sabha amid the ongoing standoff between Indian and Chinese military in the Doklam area.
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