Nikunj Ohri

Centre in 'mission mode' to fill job vacancies in govt depts and ministries

The centre is also pushing PSUs to ensure timely filling up vacant posts, including the ones reserved for socially backward classes

Govt stops sale of Central Electronics to Nandal Finance over legal issue

The case pending against Nandal Finance is a winding up petition filed by RoC over allegations of money laundering

Steady trend: PSUs hit 34% of capex target in April-August, shows data

The centre through government departments and PSUs has been lifting the economy through capital spending as investments from private sector lag.

Telecom may be first strategic sector to be picked up for privatisation

According to the centre's PSE policy announced in 2021, the government aims to maintain 'bare minimum' presence in strategic sectors that include energy, telecom, power, banks, and minerals.

Beat sectoral returns by 5 percentage points annually, PSUs told

PSUs have also been told that the dividend distributed by them would also be considered to evaluate their performance on this parameter

LIC plans to increase agent strength by 40%, ramp up HR systems

India's largest insurer is also looking to revamp its human resources systems in its drive to make the oldest insurance company more technologically advanced, said people aware of the development

Is the govt going slow on privatisation?

Barring Air India, the govt has made little progress on the disinvestment front. But, why? This report offers a peek into the government's disinvestment drive and tells why it is in the slow lane?

Currency internationalisation: India pushes for rupee trade with Cuba

In July, the RBI had unveiled a mechanism to settle international transactions in rupee to promote the growth of global trade, with emphasis on exports from India

Govt starts works on sale of 4 Air India subsidiaries it retained

Ground-handling arm would be monetised first; investor roadshows for all companies organised

Centre's fund infusion into RRBs to hinge on viability plan execution

Financially-strong RRBs have been sent reminders to explore listing of their shares on the exchanges to raise capital

PSU units' privatisation to require extensive due diligence, clearance

As per the process for privatisation of PSU units, minority sale and stake sale in JVs shared by the DIPAM, boards will recommend mode of transaction to their administrative department

LIC taking steps to transform corporate governance: DIPAM Secretary

Some of these steps include improving LIC's 13th month and 25th persistency ratio, which is less than its peers

Banks exempt from 10% TDS on one-time loan settlements, waivers: CBDT

Issue of bonus and rights shares too will not require tax to be deducted under a section introduced in the Union Budget

Defence PSUs to hold roadshows in Dubai, Abu Dhabi to woo investors

These will set the stage for future stake sale by the government

J&K Bank to increase exposure to corporate borrowers, PSUs: MD Prakash

In a Q&A, Baldev Prakash said the lender will also target Mumbai, Bengaluru, Delhi, Pune and Mohali through tie-ups, and hold campaigns for retail asset/liability products in order to improve its CASA

Irdai mulls SFIO-like independent agency to probe cases of insurance fraud

Insurance Fraud Investigation Agency proposed via Insurance Act amendment

Crackdown on illegal loan apps: RBI to make 'whitelist' of legal platforms

MeitY will ensure only authorised apps are hosted on app stores; all ministries to take possible action

Public sector banks to open 316 branches in financial inclusion drive

Brick and mortar branches to be opened by December 2022; progress was shared in PSB review

CCEA revises Railway's industrial land lease policy; lowers fee to 1.5%

Move likely to pave way for Concor's strategic sale

Top public sector banks may soon end wait on trade settlement in rupee

Finance ministry to meet stakeholders on Wednesday