The prime minister is scheduled to review the financial health of oil PSUs at a meeting with finance minister Pranab Mukherjee and petroleum minister Murli Deora on Wednesday evening.
Property consultants also feel that the hike in policy rates would not have any significant impact on the housing sector, which has witnessed a revival in demand for the last one year.
The instructions followed monthly review of the progress of eight major infrastructure sectors -- Civil Aviation, Ports and Inland Waterways, Railways, Roads, Telecom, Power, Coal, and New and Renewable Energy.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
As the House took up the debate on Motion of Thanks on the President's Address, the Bharatiya Janata Party launched a frontal attack on opposition parties specially the Congress for their stance against the CAA, saying they were trying to divide the nation.
The Union Cabinet had last week decided to disinvest 10 per cent of its holding in the world's largest coal producer.
The government will retain 51 per cent stake in all public sector units, finance secretary Ashok Chawla said. The government has proposed to mop up Rs 1,100 crore (Rs 11 billion) this fiscal from divestment of stake in PSUs.
Without a market that is positively impressed with the finance minister's Budget, the government will face major problems in offloading its shares in PSUs and bring down its deficit.
The government has decided to charge the private sector the same rates that are applicable to Public Sector Units (PSUs) for providing CISF cover.
For the first eight months of the current financial year, the figure stood at Rs 7.17 trillion.
The two PSUs, however, when contacted, said they are yet to receive any communication from the DoT and would decide once they receive such a demand.
Divestment in India has been a painfully slow process. Will the government finally press the gas?
Maoists on Saturday called for a 48-hour bandh in five states from May 18 to protest against a slew of decisions taken by the Centre, including those concerning some public sector units. The bandh call has been given in Bihar, West Bengal, Jharkhand, Orissa and Chhattisgarh."Maoists will observe a bandh on May 18 and May 19 in the five states to protest against the Centre's decision to sell ten per cent government's stake in 10 profit-making PSUs,"Maoist leader Kishenji said.
The poll watchdog faces two Heruclean tasks -- to produce over a million VVPATs in time for the 2019 elections and also iron out manufacturing tweaks in the machines which are already in use.
An IAS officer of 1973 batch of the Gujarat cadre, Chawla also hold additional charge of the Department of Economic Affairs and the Department of Financial Services.
Whether the Indian army gets military hardware from defence PSUs or from foreign companies is not a matter of much concern, but it must be received in time, Minister of State for Defence Mallipudi Mangapati Pallam Raju tells Saubhadro Chatterji.
Business Standard discussed the primary market scenario and changing equations in the IPO market with Enam Group chairman Vallabh Bhanshali. Excerpts:
The basket of crude oil India buys from overseas markets averaged $68.07 per barrel in September as against the August average of $71.98 a barrel.
The aim of a green building design is to minimise the demand of non-renewable sources and maximise its utilisation.
The trade unions would jointly carry out demonstrations, sit-ins and other forms of protests on October 28 to focus on the government's economic policies which were leading to job losses and hiking the prices of essential commodities.
Kicking off its disinvestment drive, the government will sell 5 per cent of its stake in steel major SAIL on Nov 5.
Finance Minister Pranab Mukherjee has made it clear that the government would not travel the path of unbridled divestment. The 10 per cent cap on offloading shares of profit-making public-sector undertakings (PSUs) would stay for the next four years, as Mukherjee said he preferred a cautious approach towards divestment.
Govt's divestment plans encourage funds to bet big on state-owned firms.
The number of offers per recruiter has come down by anywhere between 10 and 20 per cent at different IITs.
State-run auto insurance providers are fast losing ground to private players and their market share could be under pressure unless PSUs change their strategy, says a JD Power study.
Pranab Mukherjee touched upon the problems and the initiatives needed to spur Indian Economy, but there is hardly anything on table for the industry to cheer about.
The NSE Nifty ended at 4,830, down 70 points. Realty, banking and PSUs were the top sectoral losers on the BSE.
Mayank Gupta, of BodhiSutra, discusses 10 career streams that will throw up opportunities in the times to come.
Jet fuel will cost Rs 37,300 per kl in Mumbai, home to the nation's busiest airport, from Rs 38,246.60. The reduced rates will help cash-strapped airlines cut fuel cost, which constitutes roughly 40 per cent of their operational cost.
It was the DMK, whose opposition to divestment in the Nevyeli Lignite Corp, led to the previous UPA decision to put on hold all its divestment decisions and proposals.
After two months of price cuts, the state-run oil companies on Friday hiked aviation turbine fuel (ATF) price by a steep 6.5 per cent in step with hardening international rates.
Divestment of public sector companies gathered steam in the first year of UPA-II that saw two PSUs-- Oil India and NHPC-- raising around Rs 8,600 crore (Rs 86 billion) from IPOs and the way was cleared for divestment in three more state-run power companies in the new year.
Floor price of SAIL to be set at Rs 83 a share.
Indian Oil Corporation on Tuesday said it may lose over Rs 25,000 crore (Rs 250 billion) in revenues this fiscal on selling fuel below imported cost.
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said
Vavasi group, a New Delhi firm with diverisifed interests, on Wednesday said it would approach government-owned BSNL and MTNL to join in doing due diligence of Kuwait's Zain Telecom.
The government is looking at steps to cut subsidy on fertiliser and oil sale with an aim to cutting non-plan expenditure and contain fiscal deficit.
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