GoI misses its disinvestment target

Government of India misses its disinvestment target as the plan to sell Bharat Petroleum Corporation Limited (BPCL), Air India and Container Corporation of India has not been succeeded. Highlights The Government had planned to sell 53.3% of BPCL, 31% of Concorp as per latest market prices. The Government had set the Disinvestment target of Rs ..

Month: Current Affairs - January, 2020

Category: Economy & Banking Current Affairs

Topics: Air India • Bimal Jalan Committee • BPCL • Disinvestments • fiscal deficit • RBI

Proceeds from Disinvestments exceeds Target

The proceeds from the disinvestments have exceeded the disinvestment target for the fiscal 2018-19 by Rs 5,000 crore taking the total proceeds to Rs 85,000 crore against the targeted Rs 80000 Cr. Disinvestments Disinvestment refers to the process of public asset sales by the government of India. Industrial Policy provides that in order to raise resources ..

Month: Current Affairs - March, 2019

Category: Economy & Banking Current Affairs

Topics: Disinvestments • Financial Institutions • fiscal deficit • Industrial Policy • Mutual Funds • PSU

CCEA approves procedure and mechanism for Strategic Disinvestment

The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved revision in the procedure and mechanism for strategic disinvestment. In this regard, the proposal was forwarded by the Department of Investment and public Asset Management (DIPAM). The approval will help in speedy completion of strategic disinvestment transactions. Revised mechanism ..

Month: Current Affairs - August, 2017

Topics: Business • Cabinet Decisions • CCEA • DIPAM • Disinvestments • Economy • Strategic Disinvestment

Union Government gives in-principle approval for strategic sale in some PSUs

The Union Cabinet has given its in-principle approval for strategic sale of over a dozen public sector undertakings (PSUs). This decision was taken based on the recommendation of NITI (National Institution for Transforming India) Aayog’s proposal on disinvestment and strategic sale of sick PSUs. Key Facts The strategic disinvestment of such public sector units with ..

Month: Current Affairs - October, 2016

Topics: Business • Cabinet Decisions • Disinvestments • Economy • National • PSUs • Strategic Disinvestment

CCEA approves winding up of Hindustan Diamond Company Private Limited

The Cabinet Committee on Economic Affairs (CCEA) has given its approval for initiating the process of winding up of Hindustan Diamond Company Private Limited (HDCPL). The winding up of HDCPL will not affect supply of rough diamonds to Indian diamantaires as Indian diamond industry has grown in these years. Besides, the HDCPL had become inconsistent ..

Month: Current Affairs - September, 2016

Topics: Cabinet Decisons • CCEA • Disinvestments • HDCPL • National