What is the News? Power Finance Corp. Ltd(PFC) is set to become the 11th Maharatna Central Public Sector Enterprise (CPSE) with an inter-ministerial committee clearing the status. What is Maharatna Status? Maharatna Status was introduced for Central Public Sector Enterprises(CPSEs) in 2010 in order to empower mega CPSEs to expand their operations and emerge as… Continue reading Power Finance Corp set to be India’s 11th Maharatna CPSE
Tag: public sector undertakings
Faltering on privatisation
Synopsis: Despite ambitious disinvestment targets, the pace on this front has ben slow. Govt has tweaked tax laws to change that, but the government needs to approach disinvestment more strategically. Just modifying tax laws would not be enough. Contents1 Introduction 2 What has been the status of disinvestment? 3 What changes have been proposed?4 What are the issues… Continue reading Faltering on privatisation
Centre plans PSU land sale worth more than Rs 600 crore via e-bidding
What’s in news? The Center is planning to sell parcels worth more than ₹600 crores of public sector undertakings via the e-bidding platform. Further, the government also aims to sell non-core assets worth ₹10000 crores through this platform. About the PSU land sale: The government is looking to push the sale of idle assets of PSUs.… Continue reading Centre plans PSU land sale worth more than Rs 600 crore via e-bidding
Respect regulations
Source: Business Standard Relevance: Changes to minimum public shareholding norms and consequent impact Synopsis: The government’s move to exempt any public sector listed company from complying with the minimum public shareholding norm is undesirable and inappropriate. Background Exempting select PSUs from minimum free float norm reverses govt stance Issues with the latest move Blocked an… Continue reading Respect regulations
