FM Nudges PSU Banks To Take Swift Action Against Frauds, Wilful Defaulters
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till the financial year 2021-22. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of write-off.
Jul 09, 2023, 20:30 PM IST
CPSUs to spend over Rs 1 lakh crore in FY20, told to clear dues by Oct 15: FM Nirmala Sitharaman
The FM said that the PSUs have been asked to set up a portal by October 15 to enable service providers, vendors and contractors to track bills and payments so that the liquidity crunch is mitigated.
Sep 28, 2019, 16:48 PM IST
Still wedded to Socialism, Congress has learnt nothing and forgotten nothing
The recent Congress plenary session has showed that the Congress still wants to undo the liberalisation that its own government started in 1991.
Mar 20, 2018, 12:16 PM IST
Majority of PSUs in Rajasthan incurred loss during FY17: CAG report
Out of 45 working PSUs, 16 undertakings incurred the loss of Rs 2,808.01 crore.
Feb 27, 2018, 23:54 PM IST
Bharat 22 ETF lists on bourses with modest gains
The issue opened for subscription for retail investors from November 15-17.
Nov 28, 2017, 14:25 PM IST
'Bharat 22' ETF likely to hit market on Nov 15
The state-owned companies or PSUs that will form part of the new ETF are ONGC, IOC, SBI, BPCL, Coal India and Nalco.
Oct 30, 2017, 14:49 PM IST
Govt sells 7% in NTPC to raise Rs 9,100 crore
The government had planned to sell over 41.22 crore shares, or 5 per cent holding, through the two-day OFS, with an option to retain a similar portion in case of over- subscription.
Aug 30, 2017, 22:34 PM IST
Ambit of OBC 'creamy layer' extended to PSUs, financial institutions
Union Cabinet on Wednesday decided to extend the concept of creamy layer in OBC reservations to PSUs and financial institutions.
Aug 30, 2017, 19:27 PM IST
Govt to sell 5% stake in NTPC at floor price of Rs 168 per share today
The share sale through an offer for sale (OFS) will happen over two days?beginning tomorrow, an official said here.
Aug 28, 2017, 18:06 PM IST
Government to sell up to 25% stake in 4 defence PSUs via IPO
The government has already raised over Rs 8,800 crore through disinvestment in six companies, including selling stake in L&T through Specified Undertaking of Unit Trust of India (SUUTI), and one share buyback.
Aug 04, 2017, 14:13 PM IST
Non-performing PSUs bleeding Uttar Pradesh's coffers dry
A report by the country's top audit body, tabled in the just-concluded session of the Assembly, shows tardy performance of the state's PSUs.
May 22, 2017, 11:28 AM IST
No woman director at 65 PSUs, govt asks Registrars of Companies to act
According to Meghwal, 4,558 listed companies, 1,009 unlisted ones and 134 PSUs have representation of women at the board level.
Mar 24, 2017, 15:23 PM IST
Sports Minister Vijay Goel asks PSUs, PSBs to contribute for promotion of sports
Under the NSDF, top athletes have been supported for their preparation for major international tournaments.
Nov 24, 2016, 22:12 PM IST
Cabinet likely to consider strategic stake sale in PSUs today
NITI Aayog has prepared a list of public sector units where the government can sell its majority stake to private companies in order to bring in greater efficiency and professionalism in functioning.
Oct 27, 2016, 08:58 AM IST
PSU disinvestment: Cabinet to consider 5 methods for strategic sale valuation
The finance ministry is likely to propose to the Cabinet at least five different methods, including relative peer review and discounted cash flow, for valuation of over a dozen PSUs across sectors identified for strategic stake sale.
Oct 24, 2016, 14:25 PM IST
Niti Aayog suggests closure of 8 sick PSUs
Tasked by Prime Minister's Office to look into viability of sick state-run companies, government think-tank Niti Aayog has identified eight PSUs for closure after finding them unfit for revival.
Aug 07, 2016, 18:09 PM IST
NITI Aayog handover reports on PSU's to government
Watch this bulletin and catch all the latest news and updates here.
May 24, 2016, 12:44 PM IST
Coal import bill drops by Rs 28,000 cr in FY16
Helped by a record coal production by the world's largest coal miner Coal India Ltd (CIL), India reduced its import bill of the dry fuel by more than Rs 28,000 crore in the last fiscal.
Apr 06, 2016, 15:50 PM IST
NITI Aayog to submit PSU strategic sale roadmap this month
NITI Aayog will submit a blueprint for divesting government's stake in some PSUs and strategic sale of those that have been sick for a long time by this month.
Apr 03, 2016, 12:17 PM IST
Govt to invite proposals from PSUs for allotting 16 coal mines
Taking ahead its decision to open up the coal sector for commercial mining, government will this month invite proposals from public sector undertakings for allotment of 16 mines.
Apr 03, 2016, 10:56 AM IST
