Saturday, 1 October, 2022
TopicDisinvestment

Topic: Disinvestment

Start planning to shut down sick PSUs approved by cabinet, Modi govt tells ministries

Centre expected to raise Rs 65,000-cr through disinvestment & privatisation of state-run firms this financial year. Govt official says move aimed at ensuring resources aren't wasted.

Pawan Hans chopper crash not an anomaly. Govt-owned firm’s 37-yr record marred by multiple mishaps

Crash that killed 4 one of several Pawan Hans chopper accidents in last few decades. These incidents, coupled with losses, operational issues & legal hurdles, may delay disinvestment.

Government withdraws offer to sell 53% stake in BPCL as most bidders pull out

The privatisation process was stalled after two bidders walked out over issues such as lack of clarity in fuel pricing, with just one bidder left in the fray.

Why Modi govt’s modest Rs 65,000 crore disinvestment target for FY23 seems to be a tall order

Government has already met one-third of its Rs 65,000-cr disinvestment target for this year. But legal and procedural delays with high-value companies are now posing hurdles.

Why Modi govt’s BPCL privatisation process ran out of gas and is back to the drawing board

While govt was successful in selling Air India to Tatas, BPCL got pushed to the new financial year. The hope was it would be among the first big-ticket deals early in 2022-23.

Rs 13,561 crore — what Modi govt got from disinvestment in 2021-22, just 8% of original target

Since 2014, shortfall in disinvestment targets was highest in 2021-22 in percentage terms, even though absolute figure peaked last year at Rs 1.72 lakh crore.

Modi govt vs CBI in SC: Here’s why govt has questioned probe in Hindustan Zinc divestment

SC in November ordered CBI investigation into Vajpayee govt’s 2002 sale of HZL shares to Sterlite. Govt responded with application saying CBI’s basic facts were wrong.

State has played its part in laying foundation of Indian economy. Now don’t hegemonise finances

Campus Voice is an initiative by ThePrint where young Indians get an opportunity to express their opinions on a prevalent issue.

BPCL sale unlikely this fiscal, Modi govt will be Rs 60,000 cr short of disinvestment target

Govt had set ambitious target of Rs 1,75,000 crore in Union Budget, with over a third of receipts targeted from the listing of Life Insurance Corporation and privatisation of BPCL.

Only 8 PSUs’ disinvestment is complete out of 36 selected in 2016, govt tells Lok Sabha

In written reply, MoS Finance Bhagwat Karad listed status of every PSU that was selected. He explained why process has been halted in some, while others are caught in litigation.

On Camera

YourTurn

Representational image| File photo of students writing a test | Photo: Suraj Singh Bisht | ThePrint

More Dalit students going to Oxfords, Harvards. West now gets the caste divide

There are five primary factors driving an increasing number of students from marginalised communities entering the Western institutions.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

File photo of former Air Chief Marshal RKS Bhadauria after flying a MiG-21 of 51 Squadron at the Srinagar airbase | ANI

Famed IAF pilot Abhinandan Varthaman’s MiG-21 Squadron bows out from Srinagar today

Known as the ‘Sword Arms’, number-plating of the squadron was done Friday. It has made way for MiG-29s to be the new 'guardian of the Valley'.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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