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  • Privatisation: Anxious over possible job loss, bank employees’, unions ready for indefinite strike Jun 18, 2021 01:40 PM IST

    Privatisation: Anxious over possible job loss, bank employees’, unions ready for indefinite strike

    Bank Unions are worried that outsourcing of several jobs has already led to retrenchment in clerical roles and privatisation poses “a greater risk” to those positions

  • Fear of job losses grips employees of smaller PSBs as privatisation talks progress Jun 11, 2021 05:05 PM IST

    Fear of job losses grips employees of smaller PSBs as privatisation talks progress

    Employees of PSBs rumored to be in the privatisation list are worried about the fate of their jobs. There is a concern that the new employers will resort to mass layoffs.

  • Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts Jun 09, 2021 11:33 AM IST

    Privatisation plans for Central Bank of India, Indian Overseas Bank likely to face hurdles: Analysts

    The whole deal may not be as easy as it sounds, say analysts. Potential buyers for lenders like Central Bank and Indian Overseas Bank, the likely targets for privatisation, could be worried about the PCA tag, weak financials, say experts.

  • Centre may sell stake in Central Bank of India, Indian Overseas Bank in privatisation move Jun 07, 2021 02:01 PM IST

    Centre may sell stake in Central Bank of India, Indian Overseas Bank in privatisation move

    Banks privatisation: Central Bank of India and Indian Overseas Bank have been recommended for divestment by the NITI Aayog, but another potential sell includes the Bank of India.

  • Bank unions call for ‘intensifying struggle’ against Centre’s privatisation bid Apr 05, 2021 10:44 AM IST

    Bank unions call for ‘intensifying struggle’ against Centre’s privatisation bid

    The AIBEA said the general council called on its associated unions and members from across India “to continue the struggle against bank privatisation”

  • Should investors bet on IDBI Bank? Apr 01, 2021 12:08 PM IST

    Should investors bet on IDBI Bank?

    LIC and the central government will seek premium valuation to give away the control of IDBI Bank that has been nursed back to health

  • Shipping ministry’s opposition to SCI privatisation is not credible Apr 01, 2021 08:45 AM IST

    Shipping ministry’s opposition to SCI privatisation is not credible

    It is not clear why Indian tonnage should be state owned and it is not enough for it to be privately owned for ‘national security’ purposes 

  • Exclusive | Concor privatisation draws interest from DP World, Adani and Vedanta Mar 18, 2021 07:45 AM IST

    Exclusive | Concor privatisation draws interest from DP World, Adani and Vedanta

    Gateway Distriparks and Allcargo Logistics confirms to Moneycontrol that they are likely to be in the race to buy stake in India’s largest container train and terminal operator.

  • Explained | Why public sector employees across India are protesting against privatisation and what is Centre’s response Mar 17, 2021 11:42 AM IST

    Explained | Why public sector employees across India are protesting against privatisation and what is Centre’s response

    Public sector banks' employees held 2-day strike on March 15-16, general insurance companies employees are striking on March 17, and LIC employees on March 18. Here are the details:

  • Not all banks to be privatised, interest of employees will be protected: FM Nirmala Sitharaman Mar 16, 2021 04:54 PM IST

    Not all banks to be privatised, interest of employees will be protected: FM Nirmala Sitharaman

    We have announced a Public Enterprise Policy, where we have identified four areas where public sector presence will be there, in this, financial sector too is there. Not all banks are going to be privatised, said Finance Minister Nirmala Sitharaman.

  • Bank strike: Cheque clearances worth Rs 16,500 crore affected on first day, claim unions Mar 16, 2021 10:48 AM IST

    Bank strike: Cheque clearances worth Rs 16,500 crore affected on first day, claim unions

    The United Forum of Bank Unions (UFBU), an umbrella body of nine unions called for a bank strike across the country on March 15 and 16.

  • Bombay High Court suspends tender process for privatising discom in UT: Torrent Power Mar 04, 2021 05:29 PM IST

    Bombay High Court suspends tender process for privatising discom in UT: Torrent Power

    In February, Torrent Power had emerged as the highest bidder in the tender for power distribution in the Union Territory of Dadra & Nagar Haveli and Daman & Diu.

  • Government's strong privatisation pitch to boost PSU stocks; SBI, NTPC, GAIL in focus Mar 02, 2021 09:57 AM IST

    Government's strong privatisation pitch to boost PSU stocks; SBI, NTPC, GAIL in focus

    PSU stocks are likely to remain in focus in the coming fiscal as possible privatisation or monetisation of PSUs will likely result in valuation rerating in this space.

  • Oil India, Engineers India and Assam govt to pick up BPCL stake in Numaligarh refinery for Rs 9,876 crore Mar 01, 2021 08:10 PM IST

    Oil India, Engineers India and Assam govt to pick up BPCL stake in Numaligarh refinery for Rs 9,876 crore

    The transaction is likely to happen this month and is considered to be the first step towards the privatisation of BPCL.

  • Shipping Corporation privatisation vital to kickstart sector’s revival  Feb 26, 2021 09:17 AM IST

    Shipping Corporation privatisation vital to kickstart sector’s revival 

    Logistics, of which shipping is an integral part, can be the largest potential driver of value addition in the coming decade

  • Privatisation to unleash new opportunities, boost investment: India Inc Feb 25, 2021 10:42 PM IST

    Privatisation to unleash new opportunities, boost investment: India Inc

    India Inc on February 25 said privatisation except in strategic sectors would unleash exciting opportunities, boost investments in infrastructure and create jobs.

  • Oil India, Engineers India submit bid for acquiring BPCL's Numaligarh Refinery Feb 25, 2021 04:42 PM IST

    Oil India, Engineers India submit bid for acquiring BPCL's Numaligarh Refinery

    The Union Cabinet had cleared the proposal for strategic sale of the government’s 53.29 percent stake in BPCL on November 20, 2019.

  • Privatise, monetise and modernise is the right approach Feb 25, 2021 01:35 PM IST

    Privatise, monetise and modernise is the right approach

    The private sector will bring in investment, modern technology and better global management practices

  • Government has no business to be in business, says PM Narendra Modi Feb 24, 2021 06:29 PM IST

    Government has no business to be in business, says PM Narendra Modi

    The government plans to monetise around 100 underutilised and unutilised public assets in the near future, Modi said, adding that the move would create an investment opportunity of around Rs 2.5 trillion.

  • Cabinet may take up new land policy for Concor within two weeks Feb 19, 2021 11:20 AM IST

    Cabinet may take up new land policy for Concor within two weeks

    The wait for a new Land Licensing Fee was considered a key roadblock in the privatisation of Container Corporation (Concor). The new policy is expected to bring down the land lease rates for use of railway land for industrial purposes

  • Privatisation of CPSEs during recession time a 'horrible idea': Pronab Sen Feb 18, 2021 10:38 AM IST

    Privatisation of CPSEs during recession time a 'horrible idea': Pronab Sen

    The government has budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including two public sector banks (PSBs) and one general insurance company, in the next fiscal year beginning April 1.

  • Govt to bring amendments to two Acts to enable privatisation of PSU banks Feb 16, 2021 02:49 PM IST

    Govt to bring amendments to two Acts to enable privatisation of PSU banks

    Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this month had announced the privatisation of Public Sector Banks.

  • In push for privatisation, create fair markets and competition Feb 12, 2021 02:07 PM IST

    In push for privatisation, create fair markets and competition

    It is not ownership but governance which should impact businesses. Unfortunately, successive governments have not been able to reform the governance mixing it with ownership

  • Spending on infra creates instant jobs, says Nirmala Sitharaman: Report Feb 12, 2021 01:13 PM IST

    Spending on infra creates instant jobs, says Nirmala Sitharaman: Report

    Sitharaman also said that the priority for the government was to bring a budget that would supplement the stimulus.

  • Government to begin privatising airports by 2022, says civil aviation secretary Feb 05, 2021 11:16 AM IST

    Government to begin privatising airports by 2022, says civil aviation secretary

    The issue of Air India's divestment is fairly at an "advanced stage, civil aviation secretary Pradeep Kharola has said.

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