PSU

The sale of these idle assets will be made through the new online bidding platform, created by the government enterprise MSTC. In a move to monetize idle assets, the Government is working on a plan to sell off land lots of some PSUs…

Unions in the public sector general insurance companies and Life Insurance Corporation of India will go on strike on Wednesday and Thursday, respectively. After the two day strike -- Monday and Tuesday -- by the bankers, unions in the…

This PSU Will Ask 13,000 Employees To Leave Every Year For Next 5-10 Years Coal India Ltd (CIL) is planning to reduce 5 percent in manpower every year for the next 5-10 years to reduce costs as per its announcement on Tuesday. Why…

For the first phase of privatization, government may zero in on at least two public sector banks (PSBs). Even in order final the names of potential candidates for privatisation, a meeting will be held between senior officials of the…

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…

The BharatNet project is an initiative taken under the Modi government’s Digital India vision, to bring internet connectivity in all 2.5 lakh gram panchayats across the country. The Standing Committee on Information Technology…

First list about 12 public sector undertakings (PSUs) to be privatised has been submitted by NITI Aayog, a body headed by the prime minister. A top government official said that the submitted list will be considered by the…

This PSU Will Sell Their Prime Land For Rs 1000 Crore To Pay Debt; Total Debt: Rs 19,000 Crore The latest reports revealed that the state-owned Rashtriya Ispat Nigam Ltd(RINL) is planning to garner Rs  1,000 crore from the sale of its…

4 banks rumored to be sold off experience stock market surge in expectation Stock prices of 4 government banks rose by 20% on Tuesday at the BSE after a Reuters report named those banks. According to the report the Indian government has…

Govt Will Sell 96% PSUs To Private Companies; Only 12 PSUs Will Remain Under Govt Control According to the new policy, the government may reduce the number of public sector enterprises to just around two dozen, compared to the 300 at…