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PSUs News

Nirmala Sitharama

09 Jul 2023

FM Nudges PSU Banks To Take Swift Action Against Frauds, Wilful Defaulters

Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till the financial year 2021-22. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of write-off.

28 Sep 2019

CPSUs to spend over Rs 1 lakh crore in FY20, told to clear dues by Oct 15: FM

The FM said that the PSUs have been asked to set up a portal by October 15 to enable service providers, vendors and contractors to track bills and payments so that the liquidity crunch is mitigated.

Getting It Right

29 Jun 2018

Wedded to Socialism, Congress has learnt nothing and forgotten nothing

The recent Congress plenary session has showed that the Congress still wants to undo the liberalisation that its own government started in 1991.

27 Feb 2018

Majority of PSUs in Rajasthan incurred loss during FY17: CAG report

Out of 45 working PSUs, 16 undertakings incurred the loss of Rs 2,808.01 crore.

Bharat 22 ETF Exchange Traded Fund

28 Nov 2017

Bharat 22 ETF lists on bourses with modest gains

The issue opened for subscription for retail investors from November 15-17.

30 Oct 2017

'Bharat 22' ETF likely to hit market on Nov 15

The state-owned companies or PSUs that will form part of the new ETF are ONGC, IOC, SBI, BPCL, Coal India and Nalco.

NTPC share sale

30 Aug 2017

Govt sells 7% in NTPC to raise Rs 9,100 crore

The government had planned to sell over 41.22 crore shares, or 5 per cent holding, through the two-day OFS, with an option to retain a similar portion in case of over- subscription.

OBC Creamy layer

30 Aug 2017

Ambit of OBC 'creamy layer' extended to PSUs, financial institutions

Union Cabinet on Wednesday decided to extend the concept of creamy layer in OBC reservations to PSUs and financial institutions.

NTPC share sale

29 Aug 2017

Govt to sell 5% stake in NTPC at floor price of Rs 168 per share today

The share sale through an offer for sale (OFS) will happen over two days?beginning tomorrow, an official said here.

04 Aug 2017

Government to sell up to 25% stake in 4 defence PSUs via IPO

The government has already raised over Rs 8,800 crore through disinvestment in six companies, including selling stake in L&T through Specified Undertaking of Unit Trust of India (SUUTI), and one share buyback.

22 May 2017

Non-performing PSUs bleeding Uttar Pradesh's coffers dry

A report by the country's top audit body, tabled in the just-concluded session of the Assembly, shows tardy performance of the state's PSUs.

24 Mar 2017

No woman director at 65 PSUs, govt asks Registrars of Companies to act

According to Meghwal, 4,558 listed companies, 1,009 unlisted ones and 134 PSUs have representation of women at the board level.

24 Nov 2016

Sports Minister Vijay Goel asks PSUs, PSBs to contribute for promotion of sports

Under the NSDF, top athletes have been supported for their preparation for major international tournaments.

27 Oct 2016

Cabinet likely to consider strategic stake sale in PSUs today

NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.

Finance Ministry

24 Oct 2016

PSU disinvestment: Cabinet to consider 5 methods for strategic sale valuation

The finance ministry is likely to propose to the Cabinet at least five different methods, including relative peer review and discounted cash flow, for valuation of over a dozen PSUs across sectors identified for strategic stake sale.

07 Aug 2016

Niti Aayog suggests closure of 8 sick PSUs

Tasked by Prime Minister's Office to look into viability of sick state-run companies, government think-tank Niti Aayog has identified eight PSUs for closure after finding them unfit for revival.

24 May 2016

NITI Aayog handover reports on PSU's to government

coal production

06 Apr 2016

Coal import bill drops by Rs 28,000 cr in FY16

Helped by a record coal production by the world's largest coal miner Coal India Ltd (CIL), India reduced its import bill of the dry fuel by more than Rs 28,000 crore in the last fiscal.

03 Apr 2016

NITI Aayog to submit PSU strategic sale roadmap this month

NITI Aayog will submit a blueprint for divesting government's stake in some PSUs and strategic sale of those that have been sick for a long time by this month.

03 Apr 2016

Govt to invite proposals from PSUs for allotting 16 coal mines

Taking ahead its decision to open up the coal sector for commercial mining, government will this month invite proposals from public sector undertakings for allotment of 16 mines.

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