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DISINVESTMENT NEWS

TUHIN KANTA PANDEY, disinvestment policy, divestment targets, NDA government, DIPAM Secretary on disinvestment, public sector undertakings, public asset management, strategic disinvestment, fiscal management, Indian express news

‘Not for high dividends ... If we suck profits out, PSUs will not be able to invest’: DIPAM Secretary

July 25, 2024 5:10 pm

Talking of PSU dividends, there is a feeling in some quarters that perhaps PSUs are being forced to pay high dividends, because of which they are not able to invest in raising their capacities as much as they should.

DIPAM Secretary TUHIN KANTA PANDEY, disinvestment, fiscal deficit, disinvestment target, disinvestment new paradigm, Interim Budget, Union Budget 2024, DIPAM, disinvestment receipts, public enterprises management, express interview, indian express news

Disinvestment not a panacea for fiscal deficit: DIPAM Secretary Tuhin Kanta Pandey

February 05, 2024 7:37 am

In an interaction with AGGAM WALIA and SUKALP SHARMA, Pandey delves into what he terms a new paradigm of disinvestment and public enterprise management, which follows one marked by extremely tall targets that were progresively missed. Edited Excerpts:

As the government did not go ahead with a planned stake sale in HZL by end-March, a shortfall in disinvestment revenues became evident.

Extra dividend receipts more than make up for disinvestment shortfall

April 01, 2023 12:49 am

The Centre’s dividend receipts exceeded FY23RE of Rs 43,000 crore by Rs 16,000 crore to reach Rs 58,988 crore, aided partly by a fresh tranche of Rs 3,245 crore from HZL.

No sale of public sector bank, oil firms likely in FY24

January 10, 2023 7:38 am

The scaling down of the agenda to raise non-debt capital receipts via this route is in recognition of the fact that FY24 will be the last financial year before the general elections in April-May 2024.

Do disinvestment plans need a reset?

December 29, 2022 7:37 am

The government in the current fiscal (April-December) has raised about Rs 31,100 crore from CPSE (Central Public Sector Enterprise) disinvestments as against the full-year budget target of Rs 65,000 crore.

Nirmala Sitharaman, disinvestment, government’s disinvestment programme, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Divestment not for shutting CPSEs, but for efficiency: FM

June 11, 2022 12:26 am

Highlighting that public sector enterprises which were privatised between 1994 and 2004 are being driven by professionally run boards, the Minister said these companies have only improved.

Towards another milestone in the disinvestment journey

February 28, 2022 9:15 am

In another five years, the structure of PSUs is likely to be different with only those of national importance remaining with the government

Disinvestment target for FY22 imminently achievable says Chief Economic Adviser K V Subramanian

March 28, 2021 6:30 am

Speaking at a virtual conference by Jana Small Finance Bank, he further said that the retail inflation targeting by the Reserve Bank of India (RBI) has helped lower the volatility and level of inflation.

Life Insurance Corporation, LIC, LIC public listing, LIC shares, LIC profit, LIC disinvestment, disinvestment, shares of LIC, business news, Indian express

LIC listing back on agenda, as govt looks to give disinvestment a boost

July 29, 2019 7:07 am

If the LIC shares are listed on stock exchanges, it could easily emerge as the country’s top listed company in terms of market valuation, overtaking current leaders Reliance Industries Ltd and Tata Consultancy Services.

indian newspaper society, INS, piyush goyal, railway minister piyush goyal, union minister piyush goyal, india news, Indian Express

Centre raises over Rs 10,000 crore on net basis via CPSE ETF

July 20, 2019 5:59 am

A record Rs 45,080 crore via two extant ETFs — Rs 26,350 crore from CPSE ETF and Rs 18,730 crore from Bharat-22 ETF — helped the Centre mobilise 53 per cent of the disinvestment receipts in FY19.