The prime minister was seen wearing a light blue "sadri" jacket as he sat in the Rajya Sabha in the morning.
The Centre is looking to improve disclosures made by public sector undertakings (PSUs), and has asked such companies to share monthly progress made on capital expenditure targets and corporate social responsibility (CSR) initiatives undertaken by them. New details such as gender-wise reporting of contractual workers, unused land, and profit share in joint venture companies have also been added in the list of disclosures. The Department of Public Enterprises (DPE), which publishes the Public Enterprises Survey and collects information for Memorandums of Understanding (MoUs) signed with PSUs, is looking to integrate data collected from government-owned companies.
The state government is yet to initiate steps to disburse the Rs 50 crore deposited in the court among employees of 19 sick PSUs.
The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.
The government on Thursday decided to provide budgetary support of Rs 141.41 crore (Rs 1.41 billion) to 16 central public sector undertakings to enable them to pay pending salaries and statutory dues of their employees.
The current fiscal began with inflation rising to 5.26 per cent during the week due to costlier food, fuel and manufactured products.
State-run telecom public sector undertaking Bharat Sanchar Nigam Ltd on Thursday announced an investment of a whopping Rs 78,000 crore (Rs 780 billion) in next three years to expand its mobile, basic and broadband operations across the country.
The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory norms have been noticed by the government. The Department of Financial Services (DFS) in a communication addressed to heads of public sector banks has asked them to look at their system and processes related to gold loan. "We have asked banks to undertake comprehensive review of the gold loan business," financial services secretary Vivek Joshi told PTI.
Ahead of the Budget, India Inc has asked Centre to up divestment target to at least Rs 25,000 crore (Rs 250 billion).
Telecom tribunal TDSAT on Friday reserved the judgement on MTNL's petition challenging the new levy regime of TRAI, which could result in a loss of Rs 550 crore (Rs 5.5 billion) to the public sector undertaking, till Monday.
The Comptroller and Auditor General said on Thursday that inventory assets of public sector undertakings had become a "vulnerable" area for divestment as these were not complete and not verified systematically.\n\n\n\n
Concerned over the staggering Rs 2,100 crore (Rs 12 billion) statutory dues of ailing public sector undertakings in the midst of a cumbersome and time consuming winding up process
Included in the list are Industrial Development Corp of Orissa, Coop Spinning Mills of Nayagarh, Badamba and Baragarh, Kalinga Spinning Mills, Dhenkanal and Gopi Spinning Mills, Baliapal.\n\n
Reliance Infocomm on Tuesday informed the Delhi High Court that it was discussing with MTNL the matter related to demand of Rs 309 crore (Rs 3.09 billion) by the telecom public sector undertaking for alleged routing of international calls as local on
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
It is thanks to the policy of liberalisation conceived by Manmohan Singh and enforced by P V Narasimha that the Indian economy has now become the world's 5th largest economy by nominal GDP, asserts Dr Sudhir Bisht.
The power sector is always strongly correlated to economic activity and is receiving its share of investor attention as India's post-Covid-19 recovery continues. India's leading integrated power producer, the public sector undertaking (PSU) NTPC controls around 25 per cent of India's power capacity. It continues to increase installed capacity, in thermal as well as renewables (solar, wind, green hydrogen) and hydropower and pumped hydro, and also has backward integration into coal mining, and explored nuclear.
Applicants for Indian citizenship under the Citizenship (Amendment) Act 2019 (CAA) can submit any of nine documents, including valid or expired passport, ID cards and land tenancy records, to prove he or she is a national of Afghanistan or Bangladesh or Pakistan.
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
The government is planning divestments in at least 5 public sector undertakings including Maruti, Balco, Bhel, Oil India and Powergrid in the next few months as part of efforts to raise Rs 5,000-7,000 crore (Rs 50-70 billion) in 2005-06.
The government on Wednesday cleared financial support worth Rs 2,700 crore (Rs 27 billion) for Bharat Sanchar Nigam Ltd to be paid in the current and next financial year.
Telecom tribunal TDSAT on Monday directed TRAI to file a reply by January 26 on a petition by MTNL challenging the regulator's new levy regime, which could result in a loss of about Rs 550 crore (Rs 5.5 billion) to the public sector undertaking, whil
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
Banking and financial stocks got more than their fair share of foreign portfolio investor (FPI) flows in February. Overseas investors pumped in $3.56 billion into domestic equities last month. Of this $1.96 billion went into financial stocks, data analysed by Edelweiss shows. "The sector now has 34.8 per cent of FPI assets, up from 33.8 per cent in January.
Softening its stand on reduction in access deficit charge, a levy paid by private operators to BSNL for rural telephony, the department of telecom on Tuesday said the Telecom Regulatory Authority of India must ensure that by doing so the revenues of
India had a transition from 'socialism with a limited entry to marketism without exit'.
