Disinvestment
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Union Budget 2022: Important terms you may find handy ahead of Nirmala Sitharaman's speech
Fp Staff •Ahead of Finance Minister Nirmala Sitharaman presenting the Union Budget for the year 2022-2023, we try to simplify it for you
Air India sale: Centre opposes Subramanian Swamy's plea in Delhi HC seeking to set aside disinvestment process
•The BJP leader Swamy has approached the high court seeking to quash the Air India disinvestment process and set aside the approvals given to it by authorities
Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022
Ravi Shanker Kapoor •Just like the strategic sale of Balco in 2001, when the government sold its 51 percent equity in the aluminum major, galvanised privatisation in the country, Air India sale has the potential of accelerating the pace of disinvestment.
Government may be third time lucky to say ‘Tata’ to Air India
Sudipto Banerjee •Privatisation may not ensure redemption for the loss-making airline, but it still is high time the government gets this done
Finance Ministry issues modified circular on salary contribution to PM-CARES Fund; says those willing should intimate officers
•A circular issued on 17 April had urged all the officers and staff of the finance ministry to contribute one-day's salary every month to the fund till March 2021, beginning with May salaries.
Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier
•The government has extended the time till 6 March for bidders to pose additional queries regarding sale of its 100 percent stake in Air India
Disinvestment proceeds to be used for creating infrastructure for country, not to bridge revenue deficit: Nirmala Sitharaman
•The government set an ambitious disinvestment target of Rs 2.10 lakh crore for the next financial year, which includes selling stake in BPCL and insurance behemoth LIC.
Nirmala Sitharaman's Budget 2020 measures too long-term, unlikely to bolster growth, meet targets in FY21: Crisil
•Noting that the economy is facing its worst slowdown in over a decade, a CRISIL report has said this was because consumption and investment have stopped firing for too long
Economic Survey 2019-2020 sources data from Wikipedia, private entities such as Bloomberg and BSE
Fp Staff •The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.
Economic Survey 2020: Privatised CPSEs reported better profit, sales after transition; aggressive disinvestment promotes efficiency
•It observes that the focus of the strategic disinvestment needs to be to exit from non-strategic business and directed towards optimising economic potential of these CPSEs.