Friday, 28 January, 2022

Topic: PSUs

Letting go of bureaucratic stranglehold is the only way forward for Indian economy

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

‘Feku’ govt has become ‘bechu’, says Akhilesh on Air India sale, talk of PSU disinvestments

Yadav sought to attach the new tag to the government amid the opposition's earlier one losing its shine, seeking to take on the BJP in UP CM Yogi Adityanath's stronghold Gorakhpur.

I suffered OFB decline in quality – from average in 1970s to unacceptable by 2000s

Our soldiers, in terms of personal clothing and combat gear, are among the worst equipped in the world. About the quality of ammunition, the lesser said the better.

Centre dissolves Ordnance Factory Board, transfers employees, assets & management to 7 PSUs

OFB is currently a defence ministry entity and supplies critical arms, ammunition to the three armed forces and the paramilitary.

BSNL, RailTel clearly incompetent, private firms would have done better: IT panel raps PSUs

Parliamentary panel on IT pulls up PSUs for slow pace of implementing BharatNet, a project critical to Modi govt's Digital India vision of internet connectivity even in rural areas.

India’s ‘headless PSU’ problem — top posts at 15 PSUs are vacant, some since 2017-18

The Public Enterprises Selection Board, tasked with advising the government on such appointments, has itself been headless for more than six months.

Govt always makes efforts to revive potential PSUs, says Prakash Javadekar in Lok Sabha

During Question Hour in Lok Sabha Tuesday, the public enterprises minister further said his government has approved the revival, merger, or restructuring of some PSUs.

In 6 yrs of Modi govt, market cap of PSUs fell 36% — but that of BSE, Sensex almost doubled

Public sector firms and banks’ total market capitalisation was Rs 19.1 lakh crore in May 2014, but by 28 October 2020, they have lost Rs 6.9 lakh crore.

‘BSNL staff traitors, don’t want to work’ — BJP MP Anantkumar Hegde stirs up another row 

Anantkumar Hegde says Modi govt is looking to bring private players to take over BSNL and will ‘remove all 88,000 employees working in the PSU’.  

Why Modi govt has made a good call to move out of all non-strategic sectors

Government participation in the market should be the exception, and not the norm. The latest bid to disinvest is a step in the right direction.

On Camera


Covid isn’t behind us, but the world’s next big health emergency is already here

Covid has led to 5.6 million deaths, but antimicrobial resistance is likely to log 10 million deaths annually by 2050. Its treatment has led to antibiotics' overuse, which has spiked drug resistance.
An Assicurazioni Generali SpA logo sits above an entrance to their offices in Rome | Bloomberg

Italian Generali buys 25% stake worth Rs 1,250 cr in insurance JV from embattled Future Group

The stake sale, which will give Generali majority control over the JV, comes as the Future Group is locked in a prolonged legal battle with partner Amazon.


The Indian Army's Akash missiles on display during the 73rd Republic Day Parade, at Rajpath, in New Delhi | ANI

Not just 1st R-Day, 26 Jan 1950 also significant as Indian Army, Navy shed ‘Royal’ prefix

Both the ‘Royal’ prefix for the Navy and Air Force in India, as well as the absence of such a label for the Army, have their roots in British military and political history.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.