Page 7 - Privatisation

Largely transparent, but political

Finally, the Budget for 2022-23 has returned to its agenda for protectionism in the name of creating a self-reliant India

PM Modi didn't create single PSU, privatised 23: Congress MP in RS

Congress's MP Ripun Bora in Rajya Sabha on Thursday attacked Prime Minister Narendra Modi, saying that he did not create a single Public Sector Undertaking (PSU) while he privatised 23

Budget 2022: Divestment target for FY23 set at a modest Rs 65,000 crore

FY22 divestment mop up revised to Rs 78,000 crore from Rs 1.75 trillion pegged earlier

Last-mile sprint gave wings to Tata Group's Air India takeover

The Tatas have the know-how to quickly close deals which can otherwise get caught in legal wrangle

Govt extends deadline to place bids for PDIL privatisation

The deadline to submit EOIs has been extended to February 28 from January 31, said DIPAM

Farm-loan waiver, tax cuts, fiscal prudence: Expectations from Budget 2022

With five state elections in the coming months - Uttar Pradesh and Punjab being the major ones - some populist measures are also not ruled out, analysts said.

Divestment delayed, but petchem plans on the track: Bharat Petroleum

The government's plan is to sell its entire 52.98 per cent stake in BPCL with the transfer of management control to a strategic buyer

Power sector employees to go on 2-day strike in Feb against privatisation

The All India Power Engineers Federation (AIPEF) on Monday said that around 15 lakh power sector employees will go on nationwide strike for two days from February 23 to protest against privatisation. "National Coordination Committee of Electricity Employees & Engineers (NCCOEEE) has decided to resort to two days nationwide strike along with call given by All India Trade Unions on 23rd and 24th February," an AIPEF statement said. According to the statement, the NCCOEEE has also decided that core committee leaders of NCCOEEE will meet Governor Punjab on February 1 and handover memorandum to him against privatization of Chandigarh UT Power Department. AIPEF Chairman Shailendra Dubey said that on call of NCCOEEE about 1.5 million power employees & engineers across the country will resort to two days strike on 23rd and 24th February against privatization policies of the central government. He said that main demands of power sector employees are: withdrawal of Electricity ...

Budget with BS, Ep 5: Privatisation, direct tax mop-up, and Pronab Sen Q&A

Govt puts brakes on CEL privatisation after employees union goes to court

The government has put on hold the privatisation of Central Electronics Ltd (CEL) after the employees union approached the court against the sale of the company to a little-known firm, a top official said Wednesday. Allegations of under-valuation in the Rs 210 crore highest bid made by the city-based Nandal Finance & Leasing are being examined, said Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM), which is running the privatisation process. The Letter of Intent (LoI) for sale of 100 per cent government shareholding in CEL to Nandal Finance & Leasing has not been issued, as the allegations are being examined, Pandey told PTI. The government had in November approved the sale of CEL, under the Department of Scientific and Industrial Research (DSIR), to Nandal Finance & Leasing for Rs 210 crore. The transaction was scheduled to be completed by March 2022.

BPCL privatisation: How long can govt afford to wait for the right suitor

Its sale has been delayed by two years. But the longer the wait, the lower its chances of getting a good valuation

What is the difference between privatisation and disinvestment?

Loss-making national carrier Air India was privatised last year. And the government is going ahead with LIC disinvestment this year. Find out the difference between these two terms

TMS Ep80: Gold rush, wedding industry, markets, privatisation

What is behind India's renewed love for gold? Will Omicron woes hit the wedding industry? Markets prepared for mini-lockdowns? What are privatisation and disinvestment? All answers here

Best of BS Opinion: The network era looms, cryptocurrency conundrum & more

Here are the top BS Opinion pieces of the day

Disinvestment needs a different approach

Since the government now has a clear policy for PSEs, it should recalibrate the disinvestment programme

Privatisation a way to end reservation: Congress general secretary Priyanka

She also said the Congress announcing to give 40 per cent of tickets to women in the Uttar Pradesh polls is a big initiative

Banking sector set to witness significant reforms in the new year

Privatisation of public sector banks and strategic disinvestment of IDBI Bank on the agenda of the government for 2022

Best of BS Opinion: When AI debates AI, a stark spectacle by any other name

Here is the best of BS Opinion pieces of the day

Avoidable delay

Govt should soon start the PSB privatisation process

No Cabinet decision on privatisation of two PSBs: FM Sitharaman

The bill related to privatisation of PSBs has been listed for the ongoing winter session of Parliament, which ends on December 23