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Government’s ambitious bank privatisation agenda is off the table with an overarching view that public sector banks are profitable and evoke greater trust. The Modi government had announced privatisation of two public sector banks in 2021-22
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Missing the large-ticket reforms in the next five years will put Indian banks one step back. Privatising India's dozen PSBs has been a tough task and an unkept promise
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When it came to assessing Dr Singh’s performance, most of us whose reporting careers tracked Dr Singh’s political career were guilty of judging a book by its cover
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One of the biggest changes the Bill intends to make include changing the way the Railway Board is constituted. The proposed legislation seeks to set up an independent regulator for Indian Railways, which will grant autonomy to railway zones and improve the finances of the state-run carrier.
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As part of the central government's National Monetisation Pipeline (NMP) 25 Airport Authority of India (AAI) airports have been earmarked for leasing between 2022-2025.
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Arvind Panagariya, chairman of the 16th Finance Commission, called for further opening of the economy and privatisation of public sector banks
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The government has managed to collect Rs 10,051.73 crore in disinvestment receipts this fiscal year, falling significantly short of the FY24 target of Rs 51,000 crore
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The Small Satellite Launch Vehicle (SSLV) was developed by the Indian Space Research Organisation (ISRO), the national space agency, as a low-cost means to launch satellites weighing up to 500 kg (1,102 lb) into low-earth orbit.
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Bank privatisation has been on the anvil for successive governments but the plan hasn’t progressed due to stiff opposition from trade unions.
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As part of the demerger process, SCILAL will be listed on the stock exchanges, and every shareholder of the Shipping Corporation of India (SCI) will get one share of SCILAL.
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The growth in India's aviation sector over the last nine years has not been a cakewalk. As many as four ministers have led the Ministry of Civil Aviation and three airlines have nearly collapsed during the period
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Asset monetisation is being done by government entities and the money goes to them, and they use it to invest it further, says the secretary to the department of economic affairs under the finance ministry
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Currently, the government holds a 60.79 per cent stake in NSL, which is the steel manufacturing facility of India's largest iron ore producer NMDC located in Nagarnar, Chhattisgarh.
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‘In Graphic Detail’ is a special series of data stories covering the Union Budget's key elements over a short and long-term period
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SJM Co-Convener Mahajan believes how banks are run, not who owns it, is what matters. He’s against selling the “family silver” as the larger state-run banks are not draining the treasury.
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The bank has made enough provisions for bad loans to ensure future profitability
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The Cabinet, in November 2019, had approved strategic sale of a 30.8 per cent stake, along with management control, in Concor out of the government equity of 54.80 per cent.
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A bank is classified as a Public Sector Bank (PSB) or a Private Sector Bank (PVB) by the Reserve Bank of India (RBI).
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A daily round-up of the most interesting articles to help jump-start the day.
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An ’appropriate dispensation’ for the new owner to achieve minimum public shareholding (MPS) over an extended period is under consideration and the winning bidder will have no restriction on undertaking corporate restructuring of the subsidiaries of IDBI Bank, it added.
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The Centre cancelled the sale of Central Electronics Ltd last month after it discovered that legal proceedings against the successful bidder were pending before the National Company Law Appellate Tribunal.
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At least five states have responded to a call by Niti Aayog to hand over district hospitals to private companies, which will get support to set up attached medical colleges.
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Subbarao further said that the big bang approach to privatisation of state-owned banks is not desirable but at the same time the issue should not be put on the back burner.
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The Centre had proposed privatisation of two public sector banks along with one general insurance company in the 2021-22 budget.
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The official said that every shareholder of BEML will get shares in BEML Land Assets and the process of demerger would be completed by the end of September or early October.
