There is a secured system to tackle cyber attacks and there is a segregation of nuclear generation from the administrative segment, There is a secured system to tackle cyber attacks and there is a segregation of nuclear generation from the administrative segment, he said.
The finance minister was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund in New Delhi on Tuesday.
The government is bullish on Coal India and ONGC's stake sale programme which are to be held soon.
The divestment target remaining unchanged, from the 2019-20 interim Budget, this year means the Centre will now have to depend on non-tax revenue sources like dividends from the RBI, PSBs and PSUs, as there are real concerns of a tax revenue shortfall. The fiscal deficit target of 3.4% of GDP for 2019-20 is likely to be retained as well.
With a large number of Indian youth aspiring to work in the railways, delays in filling up railway job vacancies were a point of criticism against the BJP in the run-up to the elections.
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
'Gadar 2 was made with the purpose of entertaining people and not to perpetuate enmity between neighbouring countries.'
The national carrier has started approaching Indian banks and public sector undertakings for disposal of these properties including floorspace in prime locations.
The one-year returns for equity-oriented mutual fund (MFs) schemes have largely mirrored the gains made in the secondary market. However, schemes that invest in infrastructure (infra), small-cap, and public sector undertaking (PSU) banks have emerged standout performers, with gains in excess of 100 per cent in some cases. Of the total 484 equity schemes, 353 have managed to beat the Sensex, reveals the data provided by Value Research. Around 20 have delivered returns in excess of 90 per cent and six schemes have given returns of over 100 per cent in the past one year. The S&P BSE Sensex Total Return Index (TRI) has given returns of 51 per cent in the last one year, ended October 29.
Initially, private buyers will be able to make bulk purchases on Government e-marketplace, it will subsequently be broadened to small-ticket buying as well.
Prime Minister Narendra Modi on Friday handed over to the armed forces indigenously-developed light combat helicopters, unmanned aerial vehicles and electronic warfare systems for the warships, in reflection of India's focus to boost its domestic defence industry.
'Our thrust would be on basic facilities first like sanitation'.
The Tamil Nadu government on Friday announced Tamil Thaai Vaazhthu, an invocation sung in praise of mother Tamil, as the state anthem and directed that all present during its rendition should remain standing.
Though this is part of the divestment drive, government's stake in these companies remains 100 per cent even after the buybacks
The test flight is a victory for public sector undertaking Hindustan Aeronautics Limited, which has strongly backed the Hindustan Turbo Trainer-40 project, defying a skeptical Indian Air Force
Chinese equipment contracts had been given by many public sector undertakings and government companies for their networks, even in sensitive places such as the north east.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
The defence ministry is shooting to achieve an annual export target of $5 billion by 2025.
The MRSAM is amongst the most lethal surface-to-air missiles in service anywhere.
The government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company to 75 per cent.
The government must expedite its plan for asset sale and privatisation, both of which hardly got any mention in the Budget speech, points out A K Bhattacharya.
Hindustan Zinc (HZL), a subsidiary of Vedanta, announced an interim dividend of Rs 21 per share last week, resulting in an outflow of Rs 8,863 crore. The announcement has turned the spotlight on India Inc's dividend-paying policy - more so for reasons driving the generosity of firms. An analysis of BSE 500 companies by Business Standard Research Bureau shows that some of the top 20 dividend-paying companies in 2021-22 (FY22) include Vedanta, Tata Consultancy Services, HZL, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IndianOil), Hindustan Unilever (HUL), Reliance Industries (RIL), and Bajaj Auto, among others.
In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
A total of 25 companies raised Rs 28,220 crore during the financial year.
Pusapati was given detailed presentations on various aspects of the sector by senior officials of the Ministry.
The mandatory use of the Indian flag on SCI's ships has been a bone of contention with prospective buyers, on account of the costs it will entail in terms of taxation and vessel registration.
Finance Ministry is considering to sell 5 per cent stake in ONGC in the current fiscal, which could garner about Rs 17,000 crore to the exchequer.
The state government has 35 per cent stake in the airport, and the terminal would have the capacity to handle 2,000 passengers at a time, Minister for Ports and Airport K Babu said in Thiruvananthapuram on Friday.
Amid strong protests over the Centre'move to promote Hindi in social media, the Bharatiya Janata Party on Friday sought to douse the row, saying it is not being imposed on non-Hindi-speaking states and that Government respects all Indian languages.
Emerging from a meeting with Banerjee at the state secretariat, Yadav said that the first priority of his party was to stop the Bharatiya Janata Party's progress in West Bengal.
Containing infiltration of terrorists into Jammu and Kashmir from Pakistan will be another key focus area.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
Air Chief Marshal Bhadauria said the recent induction of Rafale jets along with previous acquisitions of C-17 Globemaster aircraft as well as Chinook and Apache helicopters have provided the IAF with substantial tactical and strategic capability enhancement.
The initiative is being called lateral recruitment to senior positions in the government.
He reaffirmed the government's commitment to resolving any outstanding issue in the way of growth and development of indigenous defence industries.
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
The ED said its investigation also revealed that from 2019 to 2022, the sale of 'unaccounted illicit' liquor was almost 30-40 per cent of the total liquor sale in the state.
Capital expenditure by 54 large central public sector enterprises and five departmental arms, having a capex minimum target of Rs 100 crore, rose 93 per cent year-on-year (YoY) in the April-May period to Rs 1.39 trillion. The National Highways Authority of India (NHAI) and the Railways have started this financial year's capex cycle on a stronger note. In the first two months of FY24, the 54 CPSEs, along with the departmental arms, achieved 19 per cent of their combined budget target of Rs 7.33 trillion, Business Standard has learnt.
In Bihar, where a bandh had been called, a railway station and a police vehicle were torched, an ambulance attacked and security personnel injured in stone-pelting incidents on the fourth consecutive day of the agitation, while protesters vandalised Ludhiana railway station in Punjab and blocked roads and rail tracks in West Bengal, Haryana, Rajasthan, Maharashtra, Odisha and Uttar Pradesh.
