Page 7 - Psus

Aatmanirbhar Bharat needs Aatmanirbhar banking sector: CII's Sanjiv Bajaj

In a Q&A, the president of the industry body dwells on how a cut in fuel duties will spur demand, and the impact of interest rate regime on India's FY23 GDP growth

Down nearly 8% at closing bell, LIC adds to poor listing scorecard of PSUs

Most large floats by the government have failed to create long-term wealth for investors

State-run firms asked to buy back even when shares take a beating

Centre's move aimed at improving PSUs' stock performance

Why Digital Rupee is a distraction and India ought to go slow on it

A digital currency is more of a fashionable trend and trends are for social media influencers, not governments

Centre has created new opportunities for private sector: FM Sitharaman

If Coimbatore tries to be a pioneer in Web3 technology, it can achieve a unique place and the city can lead the way in the country, she said

Centre to rate PSUs on capital mgmt, investor concalls among new parameters

PSUs also have to comply with asset monetisation targets set collectively by their administrative ministry

Six groups set up to improve PSB functioning to submit report by December

Participating in the meeting, Financial Services Secretary Sanjay Malhotra recently asked the banks to explore strategies for long-term profitability and adopt a more customer-centric approach.

PSUs, cooperative societies disallowed from bidding for state-run entities

PSUs in non-strategic sectors would be privatised if feasible or considered for closure.

Best of BS Opinion: MCD merger, Ukraine's globalisation lesson, and more

Here are the best of BS Opinion pieces of the day

5,400 acres of land parcels of PSUs may be monetised through new SPV

These would be land of state-owned units under divestment and those that the Centre has decided to shut

Strategic support

Sebi's proposal will help disinvestment

Jharkhand CM warns of shutting coal mines over non-payment of dues by PSUs

Jharkhand Chief Minister Hemant Soren has warned the coal companies of putting barricades around coal mines if due payment of worth Rs 1.36 lakh crore is not cleared to the state by Central PSUs."We have demanded payment of Rs 1.36 lakh crore (dues) to the state from the coal companies, and we will take it, this is State's right otherwise we will put barricades around coal mineral resources," the Chief Minister said in his speech in the Legislative Assembly on Friday.Soren had raised the issue of non-payment of dues by coal companies to the Centre in a letter to Union Coal and Mines Minister Pralhad Joshi dated March 2, 2022."Inspite of repeated consultations held with @CoalMinistry & @NITIAayogregarding non payment of long standing legitimate dues of Rs 1.36 lakh crores related to mining done by Central PSUs, Govt of India has paid no heed so far. I have written to @JoshiPralhad ji in this regard", tweeted Soren on Saturday.Noting that Jharkhand is a mineral-rich state and that

BS Views of the week: Blow to globalisation, risks of imported energy, and more

The burden of govt equity in PSUs

The Modi govt has outdone the Manmohan Singh regime in ramping up infrastructure outlay for state-controlled units

FY23 capital outlay plan for CPSEs projected to dip 1.21% year-on-year

Govt to shift part of CPSEs debt to itself as it infuses more equity

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 bets big on public infra: Subsidy bill falls as Covid concern eases

FM slashes Customs exemptions again, this time on capital goods

Win-win deal: Why Air India privatisation has drawn little to no criticism

That such a deal can be greeted with celebration in the camps of both buyer and seller speaks volumes about the airline and its recent history, writes T N Ninan

Union Budget 2022: Key measures govt must take to address demand-side issue

The country's annual financial exercise this year, comes at a juncture when the outlook on both, global and domestic growth is uncertain in the context of the pandemic trajectory

PSUs rush to raise offshore debt for ongoing projects, retiring older loans

REC to raise $1.1 bn, NTPC and IRFC are raising $1.75 bn; Private sector companies led by Reliance Industries are also tapping international bond markets to raise funds