Public Sector Units

Public Sector Units News

Central Government orders 'out of turn' coal to PSUs; private plants to be hit

Coal Ministry has admitted to coal shortage even after making tall claims of rise in production, they said, adding it has now directed Coal India to supply fuel out of turn to PSUs to keep them running and prevent losses, all this at the cost of the private sector.

Centre may dilute role of chief vigilance officers in public cos

The role of chief vigilance officers in public sector enterprises could be downgraded soon. The government has begun an exercise to revamp the role of these vigilance officers in the state-run units and has accordingly asked for feedback from the companies. The proposals on the table include clubbing the office of vigilance officers for more […]


New disinvestment strategy: Govt to focus on smaller PSUs in FY16

Approvals are also in place for initial public offers in Hindustan Aeronautics Ltd and RINL.

Govt to push all possible stake sales before March

Concerns mount over ability to meet over R60,000 cr target in FY15

Cabinet clears stake sales in CIL, ONGC and NHPC

The three stake sales will give much comfort to the Centre that is trying to fund an ambitious fiscal deficit target of 4.1 per cent in FY15.

Profit, not turnover to decide stable terms: Govt to tell 100 PSU chiefs

PMO asks ministries to send performance details of 100 PSUs under current chief executives.


Shourie: Monetise non-productive assets of PSUs

PSUs and banks should set up holding companies and monetize their idle and non-performing assets.

‘PSUs can help cut fiscal deficit by Rs 20K cr’

At the end of the last fiscal,the total cash holding with these 20 PSUs was Rs 1,70,000 crore.

Bangalore: When life is too busy to notice death

In neighbourhood once home to Bangalore’s elite, woman lay dead for months.

To stabilise Re,govt nudges LIC,others to tender shares in HUL open offer

Among other measures to stabilise the rupee,the government is learnt to have nudged the Life Insurance Corporation and some other public sector units