Strategic Disinvestment of BPCL and 4 other PSUs

The Cabinet of PM Narendra Modi approved disinvestment of BPCL along with Shipping Corporation of India (SCI), Container Corporation of India (CONCOR), Tehri Hydro Development Corporation India Limited (THDCIL) and North Eastern Electric Power Corporation Limited (NEEPCO). The GoI has agreed to sell its stakes in the above PSUs Highlights The GoI plans to sell ..

Month: Current Affairs - November, 2019

Topics: Bharat Petroleum Corporation Ltd (BPCL) • CONCOR • Disinvestment • NEEPCO • NTPC • Numaligarh Refinery Limited • Strategic Disinvestment

BSNL Revival Plan

The Union Cabinet on October 23, 2019 approved the proposal for revival of BSNL and MTNL. It allotted the 4G spectrum to the institutions. The MTNL will act as a subsidy to BSNL. A four-step revival plan has been announced for BSNL. Also, the GoI plans to raise Rs 15,000 crore through sovereign bonds. Significance ..

Month: Current Affairs - October, 2019

Topics: 4G service • 5G • BSNL • BSNL. MTNL • Disinvestment • Mergers and Acquisition • Strategic Disinvestment

CCEA approves Strategic Sale of Government Equity in Dredging Corporation Of India

Cabinet Committee on Economic Affairs (CCEA) has approved strategic disinvestment of 100% Government of India’s shares in Dredging Corporation of India Limited (DCIL) to consortium of four ports. Presently, Central Government holds 73.44% shares in DCIL. The consortium of four ports consists of Vishakhapatnam Port Trust (Andhra Pradesh), Paradeep Port Trust (Odisha), Jawahar Lal Nehru ..

Month: Current Affairs - November, 2018

Topics: Business • Cabinet Decisions • Dredging • Dredging Corporation of India Limited • Economy • Odisha • Ports • Strategic Disinvestment

Government clears 100% strategic sale of CEL

The Union Government (Department of Investment and Public Asset Management) has approved a 100% disinvestment through strategic sale along with transfer of management control of Central Electronics Ltd. (CEL). CEL was incorporated as CPSE in 1974 under the administrative control of Ministry of Science and Technology. It is wholly owned by the government and has ..

Month: Current Affairs - August, 2017

Topics: Alternative Mechanism • Business • Central Electronics Ltd • Economy • National • Strategic Disinvestment

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