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Finance Ministry

17 Oct 2021

FinMin to seek Cabinet nod for setting up firm to monetise CPSE-owned lands

A special purpose vehicle (SPV) in the form of a company would be set up. The firm will hold these assets which would be monetised to fetch value to the exchequer.

Nirmala Sitharaman

19 Oct 2020

FM Nirmala Sitharaman holds 4th review meeting on CAPEX of CPSEs

This was 4th in the ongoing series of meetings. Growth acceleration is the moot point. FM said CAPEX by CPSEs is a critical driver of economic growth.

finance minister Nirmala Sitharaman

07 Jul 2020

Better performance of CPSEs can help economy recover from COVID-19 impact: FM

The Finance Minister said that better performance of CPSEs can help the economy in a big way to recover from the impact of COVID-19.

Bharat Bond ETF

04 Dec 2019

Bharat Bond ETF will help India become financially more vibrant economy: FM

Sitharaman said that this will help India become a lot more financially vibrant economy. Bharat Bond ETF will have a fixed maturity period like close-ended mutual funds and the units will be listed on stock exchanges.

Finance Ministry

06 Sep 2019

Finance Ministry meet Heads of CPSEs to boost capital expenditure

During the meeting the finance ministry reviewed capital expenditure by various CPSEs and ministries.

Heavy Industries and Public Enterprises

24 Jun 2019

No proposal for strategic disinvestment of Navaratna CPSEs: Govt informs RS

As per Public Enterprises Survey 2017-18 that was laid in the Parliament on 27.12.2018, there were 339 Central Public Sector Enterprises (CPSEs) as on 31.03.2018.

06 Feb 2019

PMO holds meeting to speed up strategic sale of PSUs

Niti Aayog has identified 35 PSUs, including Air India, Air India's subsidiary AIATSL, Dredging Corporation, BEML and Scooters India for strategic sale.

01 Jan 2019

Over dozen CPSEs evince interest in raising funds via debt ETF next fiscal

To start with, the finance ministry will provide a platform for only 'AAA' and 'AA' rated Central Public Sector Enterprises (CPSEs) to raise funds by way of bond issuance using the debt ETF route.

Finance Ministry

19 Oct 2018

FinMin banking on CPSE acquisitions, buybacks to meet FY19 disinvestment targe

The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal.

22 Jun 2018

'HSCC, EPIL in advanced stages for merger with similarly placed CPSEs'

The government last October invited bids from similarly placed central public sector enterprises (CPSEs) for buying out entire 100 percent stake in them, along with management control.

08 Sep 2016

Govt issues norms for time-bound closure of CPSEs

Faced with inordinate delay in closing down sick CPSEs, the government has come out with timelines for disposal of movable assets, sale of land and retrenchment of employees not opting for voluntary retirement.

11 Apr 2016

CPSEs must take steps to unlock surplus resources to boost job creation: President

Mukherjee highlighted the significant role played by central public sector enterprises (CPSEs) in the country's development and noted that long-term growth prospects of the Indian economy continue to be positive.

03 Apr 2016

NITI Aayog to submit PSU strategic sale roadmap this month

NITI Aayog will submit a blueprint for divesting government's stake in some PSUs and strategic sale of those that have been sick for a long time by this month.

Central Public Sector Enterprises

17 May 2015

Minister nod mandatory for CVOs tenure extension in CPSEs

The tenure of anti-corruption officials working in Central Public Sector Enterprises (CPSEs) cannot be extended without the mandatory nod from the minister concerned, the Centre has said.

07 Sep 2014

Five states contribute half of PSU investments in five years: Study

Topping the list, Maharashtra alone claimed 20 percent in the total, followed by Andhra Pradesh (8.4 percent), Tamil Nadu (8.1 percent), Odisha (6.7 percent) and Uttar Pradesh (6.2 percent), the study said.

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