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Should onions decide the course India takes? Das answers

Assessment of the current economic situation is one of the major challenges for RBI, says Shaktikanta Das.
The Economic Times



Govt proposes to mop up Rs 10,165 crore from disinvestment

Govt today proposed to mop up Rs 10,165 cr by selling its stake in profit-making public sector enterprises in 2008-09. Budget 2008 Analysis: Ernst & Young

Strategic sale in 13 PSUs called off

The UPA government has taken no decision for disinvesting in any public sector enterprises, though it has set a target of Rs 4,000 crore for the fiscal from this route.

Disinvestment as a tool to shore up revenue

Apart from finding resources for expenditure plans, disinvestment can be an effective way to enforce market discipline in PSUs

ET Prime Distribution
  • CCEA to take up proposal making it must for profitable state firms to float 10% stake. Realtive Valuation of Cos I Top 5 mid-term stocks | How India Inc fared in Q2 of FY10

    The Cabinet today approved the proposal to operationalise the National Investment Fund (NIF) that will provide funds for social sector projects.

    FM Pranab Mukherjee has said that the government will not go ahead with the disinvestment programme in state run firms until market conditions are favourable.

    Prime Minister Manmohan Singh on Thursday put an end to dilly-dallying on divestment in public sector companies by approving a plan to part sell shares in them.

    Putting an end to speculation over the government’s agenda on disinvestment, senior finance ministry officials said the government will have a road map in place in about three months, and that it is exploring the option of tweaking the rules that govern the use of these funds.

    The UPA government on Thursday showed fresh resolve to move forward on critical reforms by pushing for divestment in profitable public sector undertakings and to allow import of foodgrain and sugar by private trade at zero duty.

    EEPC on Friday adjudged Hyundai Motors India Ltd (HMIL) as the top exporter for 2005-06 in the large enterprise category.

    The unspent funds in government's various flagship schemes in the current year has led the government to keep budget allocations for these schemes stagnant while step up spending in other social sector schemes even with a modest 3.4 % increase in overall budgeted expenditure in 2011-12.

    It took the Employees Provident Fund Organisation (EPFO) a lot of convincing and efforts to finally entrust the task of managing part of its corpus to multiple asset management firms.

    There was more smoke than heat in the year gone by so far as disinvestment was concerned, with the Left Parties' stalling government's move to offload stake in profit-making Navratna PSUs.

    The govt has mopped up Rs 51,600 cr by divesting its stake in CPSEs and strategic sale of PSUs. Analysts' Picks I Penny-pinching ideas for '08

    The government is likely to clear a proposal to offload 10% of its equity in Oil India, a state-owned oil company.

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