SEARCHED FOR:CENTRAL PUBLIC SECTOR ENTERPRISES
Firms from countries sharing land border with India can't bid for govt contracts
The move largely directed at Chinese companies makes prior registration with Competent Authority mandatory for any bidder from these countries before they apply for any government contract. The department of expenditure has amended the General Financial Rules 2017 "to enable imposition of restrictions on bidders from countries which share a land border with India on grounds of defence and national security", an official statement said.
Tender need not be scrapped, if qualified bids not from countries sharing a land border with India: Government
India had on Thursday issued a...
International travel restrictions put brakes on strategic stake sale plans: DIPAM Secretary
The government has already invited bids for strat...
Finance Minister Nirmala Sitharaman asks heads of 23 CPSEs to boost capex plans
During a meeting, which included the ministries of petroleum and natural gas, coal, power, mines, the department of atomic energy and the managing directors of 23 CPSEs, Sitharaman asked the concerned secretaries to ensure the CPSEs achieved capex of at least 50% of their capital outlay for the fiscal by the second quarter itself.
Govt to focus on strategic stake sales to meet disinvestment target: DIPAM Secretary
For BPCL, in which the government is selling 52.98 per cent stake, the deadline has been extended till July 31. For 100 per cent stake sale in Air India, the deadline for bid submission is now August 31.
Dharmendra Pradhan, CEA discuss establishing integrated steel hub in eastern India
The roadmap for establishing an integrated steel hub in eastern India was discussed in the meeting, held through video conferencing, according to the Union Minister.
MCE industry is likely to see a contraction in demand leading to a volume drop of 20% in 2020
"During Q1 CY2020, the industry reported over 23% volume decline, with volumes in March’20 falling by ~50%," ratings agency ICRA said in its latest research report on the sector.
Need to divest stakes in public sector banks in graceful manner, says Viral Acharya
Citing the example of the South Asian crisis in 1997, he said that a large number of public sector banks in the region had to be privatised post the crisis and in many cases were sold at fire sale prices to private equity investors from abroad.
Privatisation will bring ground level benefits in the economy, induce growth: DIPAM secretary
Govt will need to have a deeper engagement with investors on strategic divestment, which has taken a back seat due to travel restrictions imposed by countries in response to Covid-19, he said.
Govt to come out with strategic sectors list soon: FM Nirmala Sitharaman
The government will soon come out with a new public sector enterprises policy that will define strategic sectors which will not have more than four PSUs, Finance Minister Nirmala Sitharaman said on Saturday.
Govt 'clear and unapologetic' about privatisation of PSUs: Sanjeev Sanyal
The Cabinet also approved 'The Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020' to ensure barrier free trade in agriculture produce.
Bharat Bond ETF’s second tranche oversubscribed more than 3 times
The estimated collection is around Rs. 10,000 crores with wide participation across categories.
Coal executives' association calls for necessary changes in PESB selection procedure
All India Association of Coal Executives (AIACE) also demanded that all the applicants for the advertised post by Public Enterprises Selection Board (PESB) should be considered for interview.
FM Nirmala Sitharaman urges lenders to ease flow of credit to MSMEs
The 100% guarantee scheme at a concessional rate of 9.25% for MSMEs under the Rs 3 lakh crore scheme was the second-biggest component of the Rs 20 lakh-crore package announced last week.
PESB makes no recommendation for top post at Mahanadi Coalfields after interviews
The board is the official head hunter for top posts at public sector companies and routinely holds interviews for recommending candidates at every public company. In case, it does not recommend anyone for a post, the decision to fill the post lies with the centre to take an appropriate route, however, the process of selection gets delayed by a few months.