Public Sector Undertaking News
23 PSUs up for strategic disinvestment
The budget estimate for the move in 2019-20 has been set at ₹1,05,000 croreThe Finance Ministry informed Parliament on 22 July that in 2018-19, the proceeds from disinvestment were ₹84,972 crore
1 min read24 Jul 2019IITs want PSUs to hire before PG admissions
The IITs have been complaining to the HRD ministry that PSUs have been hiring their M.Tech students 3 months into their courses, leaving hundreds of seats vacant every year
2 min read24 Aug 2018Thinking strategically about privatization
Air India privatization is paramount, but the central challenge for the Modi government will be to rapidly reduce its control over the banking system
4 min read7 Jun 2017Govt may merge PSU banks without waiting for improvement, indicates Jaitley
On privatisation of IDBI Bank, Jaitley said that initially the government had moved substantially but the process got slowed down to issues relating to real estate
2 min read5 Jun 2017India's military preparedness is best deterrent, says Arun Jaitley
Defence minister Arun Jaitley has said India must significantly ramp up defence production keeping in mind its geo-political dynamics
1 min read30 May 2017Indian economy emerging as first among emerging economies: President
President Pranab Mukherjee says the Indian economy will be among the top 5 globally before long
1 min read11 Apr 2017Retail investors to get nearly half of Rs6,000 crore CPSE ETF
Together with the ETF proceeds, government has garnered Rs30,000 crore from PSU disinvestment this fiscal
1 min read24 Jan 2017FIIs, institutions put in bids of Rs6,000 crore for CPSE ETF
Second tranche of the ETF based on stocks of CPSEs subscribed at least four times by anchor investors
1 min read18 Jan 2017CPSE ETF set to raise up to Rs6,000 crore; issue to open on 17 January
CPSE ETF issue size is said to be Rs4,500 crore, with the option of raising another Rs1,500 crore
2 min read11 Jan 2017PSUs: Return to commanding heights
There have been enough signals from various members of the Union cabinet over the last two years to suggest that a recalibration of PSUs is underway
4 min read30 May 2016Popular Topics
Budget
The 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