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    Department Of Investment And Public Asset Management

    Department Of Investment And Public Asset Management

    The Ministry of Finance is an important ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department.

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    Need further divestment for higher profitability: Survey
    Business

    Need further divestment for higher profitability: Survey

    The Economic Survey 2020 has advocated more disinvestment in CPSEs for higher profitability and promote efficiency, competitiveness, and professionalism in these organisations.

    SBI Caps, IDBI, PwC vie for advisor mandate for CPSEs' equity recast
    Business

    SBI Caps, IDBI, PwC vie for advisor mandate for CPSEs' equity recast

    The department of disinvestment will appoint general advisors from the shortlisted companies SBI Caps, IDBI Cap, AWR Lloyd, PricewaterhouseCoopers and LSI Financial Services for making a detailed analysis for restructuring selected central public sector enterprises (CPSEs) in low priority sectors where the government wants to sell its equity with transfer of management control.

    Bharat Bond ETF likely to be launched this month
    Business

    Bharat Bond ETF likely to be launched this month

    The Union Cabinet on Wednesday cleared the launch of India's first bond ETF in a bid to deepen the bond market and bring in retail participation in this space besides providing an additional source of funding for Central Public Sector Enterprises (CPSEs) and state-owned financial institutions.

    DIPAM to hire advisors on sale of Centre's stake in CPSEs
    Business

    DIPAM to hire advisors on sale of Centre's stake in CPSEs

    The disinvestment department, or Dipam, has invited general advisors to prepare a detailed analysis for restructuring selected central public sector enterprises (CPSEs) in low priority sectors where the government wants to sell its equity with transfer of management control, according to Dipam.

    Centre proposes to cut stake in select firms to under 51%
    Business

    Centre proposes to cut stake in select firms to under 51%

    The government proposes to offload substantial stake in at least 10 blue chip companies this year to meet its higher disinvestment target, even though the exercise will bring down its holding in these state-run firms to below 51 per cent level, official sources said here on Wednesday.

    Govt tells Air India to freeze all appointments, promotions
    National

    Govt tells Air India to freeze all appointments, promotions

    In the wake of its proposed privatization, the government has asked Air India to put a freeze on large-scale promotion and appointments.

    DIPAM's buyback could be affected by tax, but still be undertaken: Secretary
    Business

    DIPAM's buyback could be affected by tax, but still be undertaken: Secretary

    The recent Budget announcment of a 20 per cent tax on share buybacks could marginally affect the equity repurchase plans of the CPSEs but still it will remain an important mechanism to achieve the disinvestment target of Rs 1.05 lakh crore in fiscal 2020, a top official of the sell-off department said.

    BSNL begins land monetisation, fair valuation at Rs 20,000 cr
    Business

    BSNL begins land monetisation, fair valuation at Rs 20,000 cr

    Public sector Bharat Sanchar Nigam Ltd (BSNL) is in the process identifying land parcels all over the country for monetisation, which as per its internal estimate is valued at Rs 20,000 crore in 2018-19.

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