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PSU

 RailTel to provide digital connectivity at far-flung areas

RailTel to provide digital connectivity at far-flung areas

Railway Minister Suresh Prabhu on Friday asked RailTel to adopt a "stand alone" approach to provide digital connectivity in far-flung areas.

India needs 4 times defence budget to meet 2020 coal target 

India needs 4 times defence budget to meet 2020 coal target 

The government has estimated that by the year 2020, India will need 1.5 billion tonnes of coal. But an IndiaSpend analysis of a recent report by Brookings India indicates that even by a generous estimate, the country`s need for coal will not exceed 1.2 billion tonnes over the next four years.
 

Niti Aayog working on second list of PSU divestment

New Delhi: After submission of the first list of PSUs for closure or sell off to the government, Niti Aayog is now working on another list for disinvestment.

Gujarat Assembly committee raps GSPC for 'over confidence'

The committee, which monitors state-run public sector undertakings (PSUs), in their report tabled in the House Tuesday pointed out several flaws in the process adopted by GSPC in acquiring the KG gas block through aggressive bidding.

Government's divestment kitty to swell by Rs 16,000 crore

Government's divestment kitty to swell by Rs 16,000 crore

With at least one buy-back announcement from PSUs every month, the government is expected to garner over Rs 16,000 crore in its disinvestment kitty over the next couple of months.

Public sector bank employees on strike today; operations hit

Public sector bank employees on strike today; operations hit

Public sector bank employees will go on strike on Friday to protest against the proposed merger of associate banks with SBI and banking reforms.

SCOPE for accountability check of NGOs getting funds from PSUs

SCOPE, apex body for central public sector enterprises, on Saturday "strongly" advocated accountability check of NGOs that are getting funds from PSUs for activities related to corporate social responsibility.

Parliamentary panel asks coal PSUs, govt to recover dues

Parliamentary panel asks coal PSUs, govt to recover dues

Expressing concerns over the large amount of dues that need to be recovered by all coal PSUs, including CIL's Rs 11,032 crore, a Parliamentary Panel has asked the government as well as the state-owned firms in the sector to take steps for the recovery.

 NHPC share sale fully subscribed; govt to get Rs 2,700 crore

NHPC share sale fully subscribed; govt to get Rs 2,700 crore

Kicking off the current fiscal's disinvestment programme, the government today raised Rs 2,700 crore from sale of its 11.36 percent stake in hydropower producer NHPC after retail portion oversubscribed 1.65 times.

 Government mulling proposal to liquidate certain loss-making PSUs, employee interest to be protected

Government mulling proposal to liquidate certain loss-making PSUs, employee interest to be protected

In a bid to limit public expenditure, the central government is mulling over a proposal to liquidate certain loss-making PSUs

CPSEs must take steps to unlock surplus resources: President

CPSEs must take steps to unlock surplus resources: President

President Pranab Mukherjee today said state-owned firms need to take immediate steps to identify and unlock surplus land and other resources available with them to augment economic growth and boost job creation

Sebi wants PSUs to ensure compliance on independent directors

To ensure good corporate governance practices, markets regulator Sebi has asked the government to ensure that listed PSUs are in full compliance with the norms relating to independent directors

NHPC pays govt interim dividend of Rs 875 crore

State-run NHPC today said that it has paid the government an interim dividend of Rs 875.49 crore for fiscal 2015-16

Govt to allot 16 coal mines to PSUs for commercial mining

Govt to allot 16 coal mines to PSUs for commercial mining

Taking forward its decision to open up the coal sector for commercial mining, the government will allot 16 blocks to PSUs for carrying out production and sale of the dry fuel.

PSUs to invest over Rs 10,000 crore in mining sector

Public sector units (PSUs) such as Nalco and Hindustan Copper Ltd have proposed to invest more than Rs 10,000 crore in the mining sector, Parliament was informed today

Burdwan agitation: Student activists stopped from meeting Bengal governor

 At least 100 student activists led by Students` Federation of India (SFI) were here on Saturday prevented by police from submitting a deputation to West Bengal Governor K.N. Tripathi urging him to intervene and restore normalcy at Burdwan University which has been on the boil after police baton charged a group of student agitators.

PM Modi asks ministers to complete projects within deadline

PM Modi asks ministers to complete projects within deadline

Prime Minister Narendra Modi on Wednesday advised his Council of Ministers to ensure projects were completed within the timeframe and due publicity given to the achievements of the government.

Govt sells $5 billion of PSU shares in 2015, readies 2016 pipeline

Government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through PSU share sales.

Govt approves mines to PSUs to sell coal to small industries

Govt approves mines to PSUs to sell coal to small industries

In a move aimed at enhancing energy security, the government Wednesday cleared allotment of coal blocks to PSUs for the sale of the fossil fuel mainly to medium, small and cottage industries and a policy for developing Underground Coal Gasification in coal and lignite areas.

Foreign investors want government to defer CIL stake sale

Foreign investors want government to defer CIL stake sale

Opposing an immediate stake sale in Coal India Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low.