Welcome signs of greater autonomy for public sector banks
Finance ministry proposes to set up a holding company to enable PSBs to raise capital from the market, instead of looking to the government.
Excess PSU funds to be used for infrastructure development
State-run companies should confine themselves to their main areas of business and ...
Govt to hold a meet on May 9 on proposed Sovereign Fund
The government will hold a meeting on May 9 to decide on setting up of proposed Sovereign Fund of India that could be used, among other things, to buy overseas assets for the benefit of the state...
Encourage retail participation in disinvestment: Par panel
A Par panel has asked the govt to promote retail participation instead of selling shares of PSUs to institutions through the Offer For Sale (OFS) route.
India's innovation index ranking dips
India's innovation index ranking marginally declined to 66 in 2013 as compared to 64 in the previous year, the government today said.
No disinvestment proceeds for Capex needs beyond March 2012, says finance minister Pranab Mukherjee
Mukherjee said he would not seek proceeds from disinvestment to meet Capex needs beyond March 2012, despite global economic situation.
Selloff money to go to National Investment Fund
The government on Friday said the disinvestment proceeds of public sector NHPC and Oil India Ltd (OIL) would be credited to the National Investment Fund (NIF), and ruled out any plan to restructure the fund.
KUL brings super specialty Nova Hospital to Pune
The building will be handed over to Nova shortly and the hospital is expected to be fully operational over the next six months.
Selloff proceeds to fund social schemes till 2012
Disinvestment proceeds from the sale of the government’s stake in public sector enterprises will be transferred to the National Investment Fund (NIF) and allocated for capital expenditure on social sector schemes.
NSEL case: FIR registered for smearing judge's face on Facebook post
An FIR has been registered against the handler of a Facebook account and some of its members for allegedly posting a photograph of a Bombay High Court judge and smearing his face with black ink.
Budget 2013: ICRA expects government to raise Rs 300 bn through disinvestment proceeds
Ratings agency ICRA expects the budget 2013 to raise Rs 300 billion through disinvestment proceeds in the coming fiscal year.
India slips 10 places in Global Innovation Index
Global Innovation Index measures national innovation performance based on a set of variables to both innovation input and output.
Selloff money to go for core build
Disinvestment proceeds, pegged at Rs 10,000-15,000 crore for the 2008-09 fiscal, will be used for infrastructure development and not towards bridging fiscal deficit as was envisaged earlier.
Government plans to sell stake in 5 PSUs, including IOC, EIL and BHEL
Further, the government has also approved the proposal for a strategic stake sale in Tyre Corporation of India Ltd (TCIL), he added.
Govt mulls PSU disinvestment piggyriding on follow-on offers
The government will consider disinvesting its stakes in profitable listed public sector units when these come out with follow-on offers.
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