Diluting government stake in PSU banks to 52% would raise enough funds to reduce dependence on recapitalisation bonds for bank recapitalisation
1 min read29 Oct 2017New India Assurance and GIC of India have hired investment banks to manage their IPOs as the govt seeks to pare its stake in the state-run insurance firms
3 min read24 Apr 2017Vedanta has given up hope of a govt stake sale in Hindustan Zinc. Why else would it decide on a hefty dividend that enriches the govt more than anyone else?
2 min read24 Mar 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared