privatisation

Govt Still Undecided On Privatisation Of These 2 Govt Banks; Unauthorised Use Of 'Banks' Banned The Indian banking sector is under overhaul in recent years. It has witnessed heavy NPAs and Mergers of various Public Sector Banks. It is…

The completion of the deal should help accelerate the privatisation of CPSEs going forward. The government is planning strategic sale of 22 firms of which 17 are ongoing transactions. DIPAM is processing those transactions which…

The bill would pave the way for two public sector banks to be privatised. Indian Overseas Bank (IOB) and Central Bank of India (CBoI) have said that there is no information regarding the reported privatisation of both. Why The…

The government aims to generate about Rs 3,660 crore through private investment in airports by FY24. In what appears as the ‘last opportunity’ for private investors to enter the airport sector of India, the Government-owned statutory…

Privatization of Railways has been in the news for a while now. Even though privatization is not in full swing, the government is trying to push private enterprises using various schemes. One such scheme that the government is preparing…

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…

Finance Minister Nirmala Sithraman said on August 12 that the Modi government has committed to reaching the Rs 1.75 lakh crore divestment objective for 2021-22. Finance Minister Nirmala Sithraman said on August 12 that the Modi…

Union power secretary Alok Kumar said that India's strategy to privatise electricity distribution firms (discoms) in Union territories has made headway. Union power secretary Alok Kumar said that India's strategy to privatise…

The government will sell the entirety of its 52.98% stake in BPCL. The government will now allow 100% foreign investment in oil and gas PSUs under the automatic route. Expanded Scope This applies to oil and gas PSUs which have…

The privatisation of India's first insurance company could take place next year. The Union Cabinet has given the go-ahead to make amendments to the General Insurance Business (Nationalisation) Act. Amendment To Remove Govt’s Stake …