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  • Finance Ministry to seek Cabinet nod for setting up company to monetise land assets of privatisation-bound CPSEs Oct 17, 2021 01:29 PM IST

    Finance Ministry to seek Cabinet nod for setting up company to monetise land assets of privatisation-bound CPSEs

    A special purpose vehicle (SPV) in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said.

  • Monetisation Push: Govt to set up National Land Monetisation Corporation soon Sep 27, 2021 05:08 PM IST

    Monetisation Push: Govt to set up National Land Monetisation Corporation soon

    About 3,500 acres of land and other non-core assets of CPSEs identified for monetisation

  • Central PSUs are increasingly hiring casual workers as regular employee numbers fall Aug 18, 2021 04:30 PM IST

    Central PSUs are increasingly hiring casual workers as regular employee numbers fall

    The share of non-permanent workers and employees in CPSEs has rapidly increased since 2015-16 as more and more employees on the rolls seek VRS.

  • Delayed-payment applications disposed of by States’ MSEFCs rise 152% Apr 02, 2021 12:17 PM IST

    Delayed-payment applications disposed of by States’ MSEFCs rise 152%

    The number of delayed-payment applications rejected by the Micro and Small Enterprise Facilitation Councils jumped 102 percent during the same time period

  • Centre gets multiple EoIs for privatisation of Neelachal Ispat Nigam, informs DIPAM Secy Mar 29, 2021 06:38 PM IST

    Centre gets multiple EoIs for privatisation of Neelachal Ispat Nigam, informs DIPAM Secy

    DIPAM had in January invited preliminary bids for strategic sale of NINL. The last date for bid submission was March 29.

  • Nalco board approves Rs 749 crore share buyback plan Jan 27, 2021 04:38 PM IST

    Nalco board approves Rs 749 crore share buyback plan

    The navratna CPSE under the Ministry of Mines said that the public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the buyback regulations.

  • DIPAM signs pact with World Bank for advising on CPSE asset monetization Nov 16, 2020 07:52 PM IST

    DIPAM signs pact with World Bank for advising on CPSE asset monetization

    The government has set a target of raising Rs 2.10 lakh crore from disinvestment in the current financial year. Of this, Rs 1.20 lakh crore is to be raised through CPSE disinvestment.

  • Funds leverage, capex by CPSEs may boost GDP by 2-3%: PESB Chief Rajiv Kumar Aug 29, 2020 03:34 PM IST

    Funds leverage, capex by CPSEs may boost GDP by 2-3%: PESB Chief Rajiv Kumar

    For the last 5-6 years, CPSEs have been major investors in the economy as the private sector has been shying away from making fresh investment due to various reasons.

  • Government to retain up to 4 CPSEs in a strategic sector, to privatise others May 17, 2020 04:45 PM IST

    Government to retain up to 4 CPSEs in a strategic sector, to privatise others

    This will be part of a new coherent Public Sector Enterprises Policy to be formulated to push reforms in central public sector enterprises (CPSEs), Finance Minister Nirmala Sitharaman told reporters

  • Budget 2019: CPSE ETF to come in ELSS variant Jul 05, 2019 12:44 PM IST

    Budget 2019: CPSE ETF to come in ELSS variant

    CPSE ETFs to become tax-saving instruments

  • Budget 2019: Centre sets Rs 1,05,000 crore disinvestment target for 2019-20 Jul 05, 2019 12:33 PM IST

    Budget 2019: Centre sets Rs 1,05,000 crore disinvestment target for 2019-20

    Sitharaman in her speech said that the government has been following the policy of disinvestment in non-financial public sector undertakings without taking the government's stake below 51 percent.

  • DIPAM tells NITI Aayog to follow due process for suggesting CPSE assets for monetisation Jun 16, 2019 01:02 PM IST

    DIPAM tells NITI Aayog to follow due process for suggesting CPSE assets for monetisation

    NITI Aayog has given a list of around 50 assets, including land and building, of state-owned companies for sale to the Department of Investment and Public Asset Management, a wing of the Finance Ministry which deals with disinvestment.

  • Govt asks CPSEs to divest stakes in loss-making state-level entities: Report May 14, 2019 04:22 PM IST

    Govt asks CPSEs to divest stakes in loss-making state-level entities: Report

    The government has set itself a divestment target of Rs 90,000 crore for the current fiscal

  • FinMin reworking strategic sale procedure for CPSEs May 12, 2019 11:40 AM IST

    FinMin reworking strategic sale procedure for CPSEs

    Currently, there is no set timeline for concluding strategic sale of a state-owned company and the entire process, in some cases, drags on for months, if not years.

  • Govt looking at REITS model to monetise land assets of CPSEs, enemy property Apr 19, 2019 06:15 PM IST

    Govt looking at REITS model to monetise land assets of CPSEs, enemy property

    REITs, which are regulated by Sebi, are instruments for investments in real estate. Under this REITs model of securitisation, the land assets will be transferred to a trust providing investment opportunity for institutional investors.

  • CPSEs to get 12 months to sell non-core assets, failure may lead to budget cuts Apr 15, 2019 09:09 PM IST

    CPSEs to get 12 months to sell non-core assets, failure may lead to budget cuts

    The Department of Investment and Public Asset Management (DIPAM) on Monday issued the guidelines for monetisation of non-core assets of CPSEs and immovable enemy properties, following a Cabinet decision in February.

  • Cabinet allows FM-led ministerial panel to decide on price, timing of CPSE strategic sale Mar 07, 2019 05:40 PM IST

    Cabinet allows FM-led ministerial panel to decide on price, timing of CPSE strategic sale

    The Alternative Mechanism (AM) on strategic disinvestment was set up in 2017 and consists of the finance minister, the road transport and highways minister and the minister representing respective administrative department.

  • Govt to begin process to monetise assets of CPSEs from April Feb 04, 2019 03:33 PM IST

    Govt to begin process to monetise assets of CPSEs from April

    The Cabinet has already approved strategic sale of about 2 dozen central public sector enterprises (CPSEs), including Air India, Dredging Corporation of India, and Bharat Earth Movers Ltd, for strategic sale.

  • CPSE ETF's 4th tranche to be available on BSE online platform from next week Nov 23, 2018 03:47 PM IST

    CPSE ETF's 4th tranche to be available on BSE online platform from next week

    "The subscription CPSE ETF FFO-3 will commence from Wednesday, November 28, till Friday November 30, on BiMF (BSE iBBS Platform for Mutual Fund) module on iBBS platform of BSE," the exchange said in a circular.

  • Govt looks to garner Rs 5,000 crore from CPSE share buybacks in FY19 Nov 18, 2018 11:45 AM IST

    Govt looks to garner Rs 5,000 crore from CPSE share buybacks in FY19

    As many as six CPSEs have made regulatory filings to the stock exchanges for launching share buyback programmes, which could fetch the government a little over Rs 3,000 crore.

  • FinMin banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target Oct 19, 2018 12:27 PM IST

    FinMin banking on CPSE acquisitions, buybacks to meet FY19 disinvestment target

    The government has raised more than Rs 9,600 crore through IPOs of three CPSEs and a tranche of Bharat-22 ETF in the first six months of the fiscal so far.

  • Finmin to re-balance CPSE ETF, may include new PSUs Jul 31, 2018 02:35 PM IST

    Finmin to re-balance CPSE ETF, may include new PSUs

    The CPSE ETF comprises 10 state-owned bluechips and shares in these companies can be sold only till the government stake in them reaches 55 per cent.

  • 'HSCC, EPIL in advanced stages for merger with similarly placed CPSEs' Jun 22, 2018 05:05 PM IST

    'HSCC, EPIL in advanced stages for merger with similarly placed CPSEs'

    In the Budget for 2017-18, the then Finance Minister Arun Jaitley had announced the possibility of merger of PSUs to create large state-owned firms.

  • PM Narendra Modi to address CPSE Conclave on March 9 Apr 08, 2018 04:05 PM IST

    PM Narendra Modi to address CPSE Conclave on March 9

    Senior officers of Central Public Sector Enterprises (CPSEs) and top ministry officials will also attend the conclave.

  • ETFs catch on, find traction far and wide Apr 02, 2017 11:33 AM IST

    ETFs catch on, find traction far and wide

    Exchange traded funds (ETFs) seem to be fast gaining ground in India, with investors from about 588 cities being attracted now towards such an investment product.

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