Rahul Gandhi said that the Public Sector Undertakings (PSUs) used to be the pride of the country and alleged that they are 'not the priority of the government'. He asked if the jobs 'decrease in a progressing country'.
As per the analysis, gross NPAs reported by BoM and SBI were 3.40 per cent and 3.52 per cent of their total advances, respectively, in the second quarter.
In October 2020, reports surfaced that Pak-based Advanced Persistent Threat groups targeted Indian defence units.
Equity frontline indices closed in the green on Friday fuelled by expectation that the second COVID-19 wave will peak this month and the economy will rebound quickly.
Equity benchmark indices trimmed early gains to close flat on April 29 after traders booked profit in auto and financial scrips amid economic uncertainty.
The first test case of the new mechanism was a capital infusion of Rs 5,500 crore into Punjab and Sind Bank by issuing zero-coupon bonds of six different maturities last year.
Speaking at a webinar on privatisation by the Department of Investment and Public Asset Management (DIPAM), Modi said the Budget has given a clear roadmap to take India to a high growth trajectory.
Equity benchmark indices began the first trading session of year 2021 on a positive note with the possibility of touching new height.
The government has detached gas utility GAIL India, explorer Oil India and other PSUs from a Supreme Court order that had led to Rs 1.47 lakh crore being sought from telecom firms such as Bharti Airtel and Vodafone Idea in past dues, the Lok Sabha was informed on Wednesday.
A day after the Google announced that it is gradually winding down its free public WiFi Station programme, currently available at 415 railway stations in India, the Railways has assured the continuation of the free WiFi services at these stations.
“The government must stop disinvestment, strategic sale, corporatisation and privatisation of public sector undertakings. The PSUs are the backbone of the Indian industrial structure and government must stop policy-driven privatisation of the same,” the RSS-affiliated union said
State-owned Air India on Sunday said the aviation jet fuel payment issues are being sorted out and will be resolved soon with the oil PSUs, which have warned the carrier of snapping supplies at six key airports if it does not make monthly lump sum payment by October 18.
The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue.
The government will start consultations soon with Niti Aayog and Energy and Petroleum Ministries to bring down its equity holding below 51 per cent, including change of norms and modes of doing the stake dilution in very few select PSUs, to begin with.
He also alleged that while Modi was busy campaigning for US President Donald Trump, he was also "dismantling" India's Constitutional order.
The Narendra Modi government has decided to go for strategic disinvestment of 23 Public Sector Undertakings (PSUs). The budget estimate for the move in 2019-20 has been set at Rs 1,05,000 crore.
The quantum of capital support would be worked out post EY gives its report, though DIPAM sources said that anywhere between Rs 9,000 crore and Rs 10,000 crore capital support would be required for the insurers to bring them in pink of health.
If one sector which is likely to get maximum Budget focus after social sectors in the upcoming Budget, it is infrastructure, said the sources.
"Income Tax Exemption for Gratuity under Section 10(10)(iii) of the Income Tax Act has been enhanced to Rs 20 lakh. Would benefit all PSU employees and other employees not covered by Payment of Gratuity Act," Finance Minister Arun Jaitley said in a tweet.
FM Arun Jaitley has warned CPSEs that “no slackness” would be tolerated if they falter on capital spending.
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