Budget 2021: A push to privatise India
3 years, 10 months ago

Budget 2021: A push to privatise India

India Today  

Budget 2021-22 makes a concerted push toward getting the government out of commercial sectors, a move in line with the Narendra Modi government’s stated agenda of minimum government. On this count, finance minister Nirmala Sitharaman has budgeted for revenues of Rs 1.75 lakh crore from stake sales of public sector companies, including two public sector banks and one insurance company. The government’s policy think-tank, the Niti Aayog, has also been asked to work on a new list of central public sector companies for strategic disinvestment. Sitharaman announced that a special purpose vehicle would be developed to monetise land owned by CPSEs, and that the government would work on a revised mechanism for fast-tracking the closure of loss-making PSUs.

India Budget Land Public Sector Sitharaman Ppp Public Sector Companies  push  companies  strategic  insurance  public  india  psus  budget  privatise  2021  private  land  sector  ppp

History of this topic

‘We got funds, plans, we’ll have world-class capital in next three years’
4 weeks ago

‘We got funds, plans, we’ll have world-class capital in next three years’

New Indian Express  

NRI-turned-politician Dr Pemmasani Chandrasekhar made it to the Union Cabinet after his successful political debut in the 2024 elections as the TDP MP from Guntur. A native of Guntur district, Dr Pemmasani is a doctor and entrepreneur who gained national attention by becoming the richest minister in the Union Cabinet. In an interview with Bandhavi Annam, Union Minister of State …

A.P. govt. presented a pro-people budget amid precarious financial conditions, says I&PR Minister
1 month, 1 week ago

A.P. govt. presented a pro-people budget amid precarious financial conditions, says I&PR Minister

The Hindu  

In the face of financial difficulties and resource depletion, the coalition government in Andhra Pradesh has introduced what it called a “pro-people budget” for 2024-25. Addressing the media at the Assembly on Monday, Information and Public Relations Minister Kolusu Parthasarathy praised Chief Minister N. Chandrababu Naidu and Finance Minister P. Keshav for delivering a budget under challenging conditions. Additionally, the …

What’s the Budget push for infrastructure?
4 months, 3 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

Budget 2024: Placing thrust on infrastructure
4 months, 4 weeks ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies
5 months ago

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies

The Hindu  

The Union Budget-2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 23, has evoked mixed response from political parties, trade unions and trade bodies. ‘No clarity on funds’ CPI State secretariat member K. Lokanadham said that the Union budget had ‘once again deceived A.P.’ by failing to give clarity on the amount of funds allocated to …

Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt
5 months ago

Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt

Op India  

Finance Minister Nirmala Sitharaman, in her seventh consecutive Union Budget for 2024-25, outlined key priorities aimed at fostering economic growth and creating ample opportunities. She listed productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms as nine priority areas …

Budget 2024: BIG announcement for Andhra Pradesh, Govt proposes Rs 15,000 crore to develop state capital
5 months ago

Budget 2024: BIG announcement for Andhra Pradesh, Govt proposes Rs 15,000 crore to develop state capital

India TV News  

Union Finance Minister Nirmala Sitharaman on Tuesday proposed that the government will facilitate special financial support for the development of the capital city in Andhra Pradesh. Presenting the Budget for 2024-25 in the Lok Sabha, she further said the NDA government at the Centre is fully committed to financing and early completion of Polavaram Irrigation project, which is considered as …

States seek improvements in 50-year interest-free loan scheme
6 months ago

States seek improvements in 50-year interest-free loan scheme

The Hindu  

States have urged the Centre to make some improvements in the 50-year interest free loan scheme for pursuing capital investment projects, under which the Union government has proposed to give them ₹1.3 lakh crore this year, the same amount as 2023-24. Ministers from States made suggestions related to the ‘Scheme for Special Assistance to States for Capital Investment’, first launched …

India’s State Sector Is Thriving. That’s a Problem
6 months, 3 weeks ago

India’s State Sector Is Thriving. That’s a Problem

Live Mint  

-- Ten years ago, when Narendra Modi — then chief minister of business-friendly Gujarat state — rode an electoral wave to the prime ministership in New Delhi, many expected that he would be far more supportive of the private sector than previous Indian leaders. The minister in charge of India’s state petroleum companies, for example, says that the Modi administration …

No cuts in Interim Budget allocations: Nirmala
10 months, 2 weeks ago

No cuts in Interim Budget allocations: Nirmala

Deccan Chronicle  

New Delhi: Exuding confidence in India’s economic growth, Union finance minister Nirmala Sitharaman on Wednesday said that all the allocations have not been cut under any head in the interim Budget for 2024-25, rather it has either remained the same or gone up in FY25 Budget in the flagship schemes. Meanwhile, the Lok Sabha also passed the Rs 47.66-lakh-crore interim …

A political, feel-good statement
10 months, 3 weeks ago

A political, feel-good statement

The Hindu  

Often, Budget speeches are political statements — more so, with impending general elections. The Budget statement attributed post-COVID growth revival to public infrastructure investment and proposes to continue the same in the coming year with a 11% rise in capital expenditure. In the last 3-4 years, the government has steadily raised public infrastructure investments, mainly on highways and communications, which …

Union Budget 2024 to focus on 5 key social sections
11 months, 1 week ago

Union Budget 2024 to focus on 5 key social sections

Hindustan Times  

Budget 2024: Union finance minister Nirmala Sitharaman’s pre-election budget is set to focus on welfare schemes for five key sections of society—women, poor, youth, farmers and tribals—as the Bharatiya Janata Party -led National Democratic Alliance aims a third term in office on the back of Prime Minister Narendra Modi’s promise of inclusive growth. Accordingly, allocations for existing schemes for these …

Assam Government signs Rs 3,114 crore MoU with private enterprises
1 year, 3 months ago

Assam Government signs Rs 3,114 crore MoU with private enterprises

Op India  

Assam Government on Saturday signed a Memorandum of Understanding with six private sector industrial enterprises for setting up mega industrial parks totalling an investment of Rs 3,114 crore across the state. Addressing the ceremonial signing of the MoU, CM Himanta Biswa Sarma said,” Today’s signing of agreements that would entail investments of as much as Rs 3,000 crore indicates Assam …

Nirmala Sitharaman praises PSBs, says 'profit tripled to Rs 1.04 lakh in nine years'
1 year, 5 months ago

Nirmala Sitharaman praises PSBs, says 'profit tripled to Rs 1.04 lakh in nine years'

India TV News  

Finance Minister Nirmala Sitharaman stated on Saturday that the profit of public sector banks has tripled to Rs 1.04 lakh crore over the past nine years as a result of government initiatives. Public sector banks net profit nearly tripled from Rs 36,270 crore in FY2014 to Rs 1.04 lakh crore in FY23. They should follow best corporate governance practices, adhere …

ECONOMIC PERSPECTIVES | Neoliberal dilemma: Public sector banks turn a profit but privatisation not on cards for now
1 year, 6 months ago

ECONOMIC PERSPECTIVES | Neoliberal dilemma: Public sector banks turn a profit but privatisation not on cards for now

The Hindu  

Published : Jun 02, 2023 15:59 IST - 6 MINS READ The government’s economic spokespersons have been celebrating an ostensibly remarkable recovery in the country’s public banking sector. To ensure the solvency of and capital adequacy in banks, the government had to infuse Rs.3,10,997 crore into the public banking system from 2016-17 to 2020-21. Ever since the release of the …

Privatisation Of Banks To Go Forward As Per Schedule: Finance Minister Nirmala Sitharaman
1 year, 6 months ago

Privatisation Of Banks To Go Forward As Per Schedule: Finance Minister Nirmala Sitharaman

ABP News  

Union Finance Minister Nirmala Sitharaman on Monday said the privatisation of public sector banks will go ahead as planned. The minister, while addressing the media on the occasion of the Narendra Modi government completing nine years in power, in Mumbai said, "About the bank privatisation, they will go on as per schedule. "Other than IDBI Bank, we propose to take …

Govt not in ’crazy rush’ to sell everything, says FM Nirmala Sitharaman
1 year, 9 months ago

Govt not in ’crazy rush’ to sell everything, says FM Nirmala Sitharaman

Live Mint  

The government is not in a "crazy rush" to sell everything and it will continue to have a presence in four strategic sectors, including telecom, said Finance Minister Nirmala Sitharaman. She was speaking at the Raisina Dialogue, FM Nirmala Sitharaman said that the country will have government-owned professionally run companies in four broad strategic sectors. In strategic sectors, a bare …

Centre committed to disinvestment, asset monetisation: Finance Minister Nirmala Sitharaman
1 year, 10 months ago

Centre committed to disinvestment, asset monetisation: Finance Minister Nirmala Sitharaman

Firstpost  

New Delhi: Finance Minister Nirmala Sitharaman on Friday said that Prime Minister Narendra Modi-led Central government is committed to privatisation and will move forward with disinvestment and asset monetisation plans, especially where Cabinet approvals are in place. Asked about the reason why disinvestment and asset monetisation were omitted from the Union Budget, Sitharaman, in an exclusive interview with Network18 Group …

In Rs 45.03 Lakh Crore Budget, Here Is How Much Each Sector Received
1 year, 10 months ago

In Rs 45.03 Lakh Crore Budget, Here Is How Much Each Sector Received

ABP News  

Narendra Modi-led NDA government on Wednesday laid out its full and final Union Budget on Wednesday ahead of the general election scheduled for 2024. Finance Minister Nirmala Sitharaman in her fifth Budget presentation allocated a whopping Rs 45.03 lakh crore for the financial year 2023. In the financial year 2022-23, the government allocated Rs 39.45 lakh crore for the annual …

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman
1 year, 10 months ago

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on February 1 announced that the Centre will continue 50-year interest-free loans to State governments for one more year. Budget 2023 | Record allocation of ₹2.4 lakh crore for Railways On October 13 last year, Prime Minister Narendra Modi had launched the Gati Shakti - National Master Plan, aimed at developing integrated infrastructure to reduce logistics …

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government
1 year, 10 months ago

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government

ABP News  

The Union Budget preparations have been in the full swing in the North Block. Asset Monetisation In the last fiscal the government targeted the national asset monetisation pipeline to accumulate Rs 1.62 lakh crore. According to various accounts, in this Budget the government may link budgetary allocation to infrastructure ministries to the progress and performance these ministries achieve in the …

Centre may cut divest plans
1 year, 10 months ago

Centre may cut divest plans

Deccan Chronicle  

Mumbai: The government is learnt to have scaled down its divestment plan for loss-making public sector units in the upcoming Budget 2023 as the budgeted sell-off target of the public sector units is likely to be missed in this current fiscal for the fourth year in a row. As announced in the last year budget, the government has mega plan …

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal
1 year, 10 months ago

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal

The Hindu  

The Finance Ministry will move ahead with the already-announced and planned privatisation of State-owned companies in the next fiscal, and the chances of the new addition to that list of CPSEs in the Budget for 2023-24 is unlikely, sources said. Nangia Andersen LLP, Partner- Government and Public Sector Advisory, Suraj Nangia said: "The privatization process often takes time, depending on …

Budget 2023 Expectations: These Sectors Likely To Get PLI Scheme Benefits
1 year, 11 months ago

Budget 2023 Expectations: These Sectors Likely To Get PLI Scheme Benefits

News 18  

Budget 2023: The government is likely to extend fiscal incentives for the production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive scheme to cover more high-employment potential sectors. A proposal to extend PLI scheme benefits to different sectors such as toys and leather is at advanced stages of finalisation …

Railway ministry drops proposal for monetisation of stations on PPP mode
2 years ago

Railway ministry drops proposal for monetisation of stations on PPP mode

Deccan Chronicle  

New Delhi: The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under engineering, procurement and construction mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite monetisation of other assets, including trains, goodsheds, hill rail, stadiums, railway …

Railway ministry drops proposal for monetisation of stations on public-private partnership mode
2 years ago

Railway ministry drops proposal for monetisation of stations on public-private partnership mode

India TV News  

The ministry of railways has dropped its proposal for monetisation of stations in a public-private partnership mode, and projects are now being taken up under engineering, procurement and construction mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite the monetisation of other assets, including trains, good sheds, hill rail, stadiums, …

Mohan Guruswamy | Reforming public sector doesn’t mean selling it
2 years, 1 month ago

Mohan Guruswamy | Reforming public sector doesn’t mean selling it

Deccan Chronicle  

Prime Minister Narendra Modi is, by all accounts, a fairly isolated figure. Yet, in the eight years he has been in office, Mr Modi has shown a singular lack of interest in the public sector, where our economic and industrial malaise is concentrated. Mr Modi should now be talking to the bosses of the public sector units to understand their …

Parsa Venkateshwar Rao Jr | Why Sitharaman’s appeal to India Inc seems misplaced
2 years, 3 months ago

Parsa Venkateshwar Rao Jr | Why Sitharaman’s appeal to India Inc seems misplaced

Deccan Chronicle  

Union finance minister Nirmala Sitharaman threw a rhetorical question at India Inc recently asking them why they were so afraid to invest in India while everyone else in the world was looking towards India. The private sector would like a hire-and-fire policy, that makes it easier for India Inc to take risks. In states like Uttar Pradesh, the issue of …

Vision 2047: Why Public And Private Sectors Should Team Up As India Sets Development Goals High
2 years, 3 months ago

Vision 2047: Why Public And Private Sectors Should Team Up As India Sets Development Goals High

ABP News  

The Covid-19 pandemic has shown how by working together, the public and private sectors in India can effectively collaborate in diagnostics, technology and taking quality healthcare to the last mile. The private sector has a lot of critical information about concrete barriers that are holding back job creation and growth," says the report, written by noted economist Bibek Debroy and …

Unfinished agenda: Long-standing debate on privatisation of state-run banks resurfaces
2 years, 3 months ago

Unfinished agenda: Long-standing debate on privatisation of state-run banks resurfaces

The Hindu  

Published : Sep 08, 2022 11:00 IST The long-standing debate on whether India’s public sector banks should be privatised has resurfaced in recent days. Referring to a core theme in the article by Gupta and Panagariya, the RBI researchers argued that while on pure profitability grounds private banks in India appear more efficient than public ones, public banks turn out …

Fact Check: No, the Centre is NOT privatising all public sector banks except SBI!
2 years, 4 months ago

Fact Check: No, the Centre is NOT privatising all public sector banks except SBI!

India Today  

Ever since Finance Minister Nirmala Sitharaman proposed to take up the privatisation of two public sector banks in her Budget speech for the fiscal year 2021-22, the issue has been widely debated. AFWA PROBE While investigating the claim, we found a report by The Times of India from July 12, according to which, a policy paper of the Indian Policy …

Improve on professionalism, reduce expenditure: Nirmala Sitharaman to PSEs
2 years, 6 months ago

Improve on professionalism, reduce expenditure: Nirmala Sitharaman to PSEs

Firstpost  

Referring to the new PSE policy announced in 2021, the finance minister said PSEs need to be aware of the competition they will face from the private sector for whom the government has opened the strategic sectors Gandhinagar: Union Finance Minister Nirmala Sitharaman on Thursday asked public sector enterprises to improve on professionalism, reduce expenditure and consider working with private …

Improve on professionalism, reduce expenditure: Sitharaman to PSEs
2 years, 6 months ago

Improve on professionalism, reduce expenditure: Sitharaman to PSEs

Live Mint  

Union Finance Minister Nirmala Sitharaman on Thursday asked public sector enterprises to improve on professionalism, reduce expenditure and consider working with private sector entities. And where possible, in order to bring down the overheads, it might be worth looking at private participation together with what you are doing.you can benefit from the efficiency of the private sector," Sitharaman said. Referring …

Advance Action Underway On Privatisation Of State-Run Banks, Says DFS Secretary
2 years, 6 months ago

Advance Action Underway On Privatisation Of State-Run Banks, Says DFS Secretary

ABP News  

New Delhi: Advance action is underway for privatisation of two public sector banks in pursuance of the announcement made by finance minister Nirmala Sitharaman, Department of Financial Services Secretary Sanjay Malhotra said on Monday. In the Union Budget for 2021-22, the government announced its intent to take up the privatisation of two PSBs in the year and approved a policy …

Public sector general insurers may get capital infusion of Rs 3,000-5,000 crore, say sources
2 years, 7 months ago

Public sector general insurers may get capital infusion of Rs 3,000-5,000 crore, say sources

Firstpost  

Fund support was given to the weak general insurance companies last financial year, some more fund requirement is there to bring them back on profitability path, sources said New Delhi: The government may infuse Rs 3,000-5,000 crore additional capital in the three public sector general insurance companies based on their performance and requirement during the year, sources said. The capital …

Welfare schemes to get bigger pie in TS budget
2 years, 9 months ago

Welfare schemes to get bigger pie in TS budget

Deccan Chronicle  

HYDERABAD: With just three more days to go for the presentation of Budget 2022-23 in the Legislative Assembly on March 7, finance minister T. Harish Rao and department officials are giving final touches to present a ‘populist budget’ with more allocations to welfare schemes. Several welfare schemes are facing fund crunch and the state government wants to implement welfare schemes …

Nothing Sterling about Navratna NBCC, Green View Project Lays Bare Inherent Flaws in PSUs
2 years, 10 months ago

Nothing Sterling about Navratna NBCC, Green View Project Lays Bare Inherent Flaws in PSUs

News 18  

Champions of the public sector, who are a legion, keep lecturing us about the ‘stellar’ role state-run companies have played in nation building. At least, the dilapidated condition of the NBCC Green View group housing project in Gurugram’s Sector 37D suggests that. Consider this: in five years, from 2016-17 to 2020-21, the government infused Rs 3.1 lakh crore into public …

'Govt has no business to be in business': FY23 PSU disinvestment target of Rs 65,000 crore achievable
2 years, 10 months ago

'Govt has no business to be in business': FY23 PSU disinvestment target of Rs 65,000 crore achievable

Firstpost  

In her Budget 2022-23 speech, FM Nirmala Sitharaman has kept clarity about keeping privatisation low-key, under the radar if possible. This is in line with the statement Prime Minister Narendra Modi made last year on 24 February: “The government has no business to be in business.” So, in her Budget 2022-23 speech, she said, “Towards implementation of the new public …

Budget Session 2022: Nirmala Sitharaman provides update on LIC IPO in speech
2 years, 10 months ago

Budget Session 2022: Nirmala Sitharaman provides update on LIC IPO in speech

Firstpost  

The IPO of the insurance company is crucial for the government to meet its disinvestment target this fiscal, ending March 2022 Finance Minister Nirmala Sitharaman has announced that the public issue of Life Insurance Corporation of India is “expected shortly”. The Union government has set an ambitious target to raise Rs 1.75 lakh crore, out of which Rs 75,000 crore …

Budget 2022: Creation of 60 lakh jobs next target of govt, says FM Nirmala Sitharaman
2 years, 10 months ago

Budget 2022: Creation of 60 lakh jobs next target of govt, says FM Nirmala Sitharaman

India Today  

Presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman said the next target of the government is to create 60 lakh jobs. "Production Linked Incentive Scheme for achieving Aatmanirbhar Bharat has received an excellent response, with potential to create 60 lakh new jobs and additional production of 30 lakh crore during next Keycap digit five years," she said. Read: Budget …

Air India sale to boost privatisation: Economic Survey
2 years, 10 months ago

Air India sale to boost privatisation: Economic Survey

India TV News  

Highlights The non-strategic CPSEs will be privatised or otherwise shall be closed The govt had last year approved a policy of strategic disinvestment of public sector enterprises The strategic sectors as per the policy are atomic energy, space, defence, transport, power etc Air India sale will give a boost to India's privatisation drive, the Economic Survey said on Monday, as …

Budget 2022: Will Nirmala Sitharaman provide much-needed booster dose to economy?
2 years, 10 months ago

Budget 2022: Will Nirmala Sitharaman provide much-needed booster dose to economy?

Firstpost  

As India battles the prevailing third wave of the pandemic and its resultant strain on the economy, India Inc. expects the agenda for Union Budget 2022 to be dictated by measures to boost economic recovery and growth. More PLI schemes announcement likely The government’s vision of ambitious economic growth through an ‘Atmanirbhar Bharat’ needed a radical policy and Production Linked …

Budget 2022: Is the BJP Govt’s Economic Reforms Momentum Dying?
2 years, 10 months ago

Budget 2022: Is the BJP Govt’s Economic Reforms Momentum Dying?

The Quint  

The NDA Government carried out a slew of important structural reforms in its first term. India’s highly complex and disintegrated indirect taxation system was replaced with the Goods and Services Tax, which replaced numerous Union and state taxes and cesses with a single national GST taxation system. The enactment of the Insolvency & Bankruptcy Code to defenestrate corrupt and inefficient …

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022
2 years, 11 months ago

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022

Firstpost  

Just like the strategic sale of Balco in 2001, when the government sold its 51 percent equity in the aluminum major, galvanised privatisation in the country, Air India sale has the potential of accelerating the pace of disinvestment. From Air India privatisation and other minority stake sales, the government has mopped up Rs 9,240 crore, according to the Department of …

Centre unlikely to announce capital infusion for PSU banks in Budget 2022-23
3 years ago

Centre unlikely to announce capital infusion for PSU banks in Budget 2022-23

Firstpost  

Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on 1 February New Delhi: The government is unlikely to announce capital infusion for public sector banks in the upcoming Budget, as their financial health has improved on the back of reduction in bad loans, sources said. During the last financial year, PSBs raised …

Disinvestment to increase PSUs' income, create jobs: MoS Finance Karad
3 years, 2 months ago

Disinvestment to increase PSUs' income, create jobs: MoS Finance Karad

Business Standard  

The government plans to increase public sector undertakings' income and create employment through the disinvestment process, Minister of State for Finance Bhagwat K Karad said on Friday. Last month, Finance Minister Nirmala Sitharaman had announced a Rs 6-lakh crore National Monetisation Pipeline to unlock value in infrastructure assets across sectors ranging from power to road and railways. The plan, designed …

Department of Public Enterprises merger with finance ministry will help push Centre's disinvestment goals, here's why
3 years, 5 months ago

Department of Public Enterprises merger with finance ministry will help push Centre's disinvestment goals, here's why

Firstpost  

The Centre has said that the NITI Aayog has been tasked with coming up with the list of CPSEs that would be taken up for strategic disinvestment The Department of Public Enterprises is now the sixth vertical within the Ministry of Finance after it was unhitched from its parent ministry, the Heavy Industries and Public Enterprises Ministry, ahead of the …

Bank Privatisation: Central Bank of India, Indian Overseas Bank May Be Privatized This Fiscal
3 years, 6 months ago

Bank Privatisation: Central Bank of India, Indian Overseas Bank May Be Privatized This Fiscal

News 18  

The Centre could privatise the two-state run banks — Central Bank of India and Indian Overseas Bank soon, according to report by Times of India. NITI Ayog, the government think-tank has recently submitted a report to the core group of secretaries on Disinvestment mentioning the names of the two banks the would be privatised this fiscal, news agency PTI mentioned. …

A privatization plan that heralds the rise of the Indian elephant
3 years, 9 months ago

A privatization plan that heralds the rise of the Indian elephant

Live Mint  

One of the many highlights of the Union Budget for 2021-22 was the bold resolve of the government to push for an aggressive privatization policy of public sector enterprises, which would seek to unlock their potential to create wealth in India’s economy. Encouragingly, the government has shown its resolve to go big on PSE stake sales this time around by …

The limits to India’s privatization push
3 years, 9 months ago

The limits to India’s privatization push

Live Mint  

About 10 days after the central government iterated on the floor of Parliament its resolve to privatize businesses owned by it on a scale and sweep never done before, Anil Agarwal announced his Vedanta Group would set up a $10 billion fund to invest in them. The government gave an “in-principle" agreement for disinvestment in 34 CPSEs, and minority stake …

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