The Narendra Modi government’s decision to bring the Department of Public Enterprises under the Finance Ministry from the Ministry of Heavy Industries & Public Enterprises is indicative of the desire to expedite and facilitate privatization. If the government succeeds in selling public sector undertakings, also called public enterprises and public sector enterprises, it will be a big boost to the …
The government will start consultations soon with Niti Aayog and Energy and Petroleum Ministries to bring down its equity holding below 51 per cent, including change of norms and modes of doing the stake dilution in very few select PSUs to begin with. At the initial stage it will be 2-3 PSUs where government stake in these PSUs would be …
Mumbai: The Department of Investment and Public Asset Management, the finance ministry’s arm managing PSU divestments, wants to reduce its dependence on public institutions, including insurance companies and banks, during initial public offering, DIPAM joint secretary Venudhar Reddy Nukala said on Tuesday. “In the previous financial year, the investment from LIC and PSU banks was approximately ₹25,000 crore in our …
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