divestment of PSUs

It has emerged that insurance companies will probably be privatised before the banks. United India Insurance could be next on the table for privatisation. In this year’s Union Budget speech, Fin. Min. Nirmala Sitharaman had…

The privatisation of two state-owned banks and one general insurance company could be shifted to the upcoming financial year. In the Union Budget meet on February 1, FM Niramala Sitharaman announced the government’s plan to conduct…

The NITI Aayog and DIPAM) are considering some proposals which could cut short the divestment process to merely a few months. The process of selling PSUs could be completed sooner than thought. The NITI Aayog and the Department of…

Privatization Of IDBI Bank Starts Soon, Govt Will Sell Its 47.11% Stake To Private Firms; IDBI Bank Earned Rs 326 Cr In Q2-2020 The Government of India is planning on selling the stakes in the Industrial Development Bank of India (IDBI)…

Several PSUs Will Be Shut Down; Even Those Which Are Up For Sale, Disinvestment The Government may shut down the public sector units (PSUs) even if they have been ‘approved for strategic divestment on case to case basis’. Read on…