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  Equity indices close flat, JSW Steel up 9 pc

  News | April 29, 2021 18:44 IST

  Equity benchmark indices trimmed early gains to close flat on April 29 after traders booked profit in auto and financial scrips amid economic uncertainty.

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  Govt unlikely to continue with zero-coupon bond route to recap PSU banks

  Business | March 28, 2021 12:02 IST

  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.

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  Govt has no business to be in business, says PM Modi as he stresses on privatisation of PSUs

  India | February 25, 2021 0:07 IST

  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.

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  Opening Bell: Equities begin New Year with positive ring

  News | January 01, 2021 13:20 IST

  Equity benchmark indices began the first trading session of year 2021 on a positive note with the possibility of touching new height.

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  AGR case: Govt detaches GAIL, OIL, other PSUs from telecom firms

  Business | March 04, 2020 18:28 IST

  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.

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  Free WiFi to continue after Google partnership ends: Railways

  Business | February 18, 2020 13:09 IST

  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.

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  RSS-backed union demands end to privatisation of PSUs

  Business | December 28, 2019 22:01 IST

  “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

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  Fuel payment issues with oil PSUs will be resolved early: Air India

  Business | October 13, 2019 16:05 IST

  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.

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  Fuel payment issues with oil PSUs will be resolved early: Air India

  Business | October 13, 2019 14:43 IST

  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.

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  Dipam, Niti Aayog aim to cut govt stake in select CPSEs to below 51%

  Business | September 29, 2019 11:37 IST

  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.

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  Yechury likens PSUs privatisation to selling family silver

  India | September 27, 2019 13:24 IST

  He also alleged that while Modi was busy campaigning for US President Donald Trump, he was also "dismantling" India's Constitutional order.

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  It's official! 23 PSUs up for strategic disinvestment

  Business | July 24, 2019 10:34 IST

  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.

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  After banks, government may recapitalise PSU insurers prior to restructuring

  Business | July 10, 2019 13:01 IST

  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.

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  Infra PSUs can hope for reintroduction of tax-free bonds to raise capital

  Business | June 16, 2019 9:25 IST

  If one sector which is likely to get maximum Budget focus after social sectors in the upcoming Budget, it is infrastructure, said the sources. 

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  Doubling tax-free gratuity limit to Rs 20 lakh to benefit PSU, private sector employees: Finance Minister

  Budget | March 05, 2019 17:09 IST

  "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.

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  In booster shot for economy, govt nudges PSUs to step up capital expenditure by Rs 25,000 cr

  Business | September 29, 2017 10:47 IST

  FM Arun Jaitley has warned CPSEs that “no slackness” would be tolerated if they falter on capital spending.

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  PSU banks threaten to go on strike on Tuesday, services may be hit

  August 20, 2017 13:23 IST

  Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike.

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  Government asks PSU banks to do forensic audit of defaulters

  March 18, 2017 18:25 IST

  The government and the Reserve Bank of India are inching forward to conclude a number of changes in the rules to cut-down the proportion of bad loans in the banking sector. This move is a prerequisite to kick-start the investment cycle and push the g

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  Govt's plan to merge 13 PSUs to create oil giant not good for consumers, pvt retailers: Report

  February 07, 2017 18:22 IST

  Finance Minister Arun Jaitley in his Budget for 2017-18 proposed to merge some of the 13 state oil firms to create an integrated public sector oil major.

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  Centre okays plan to sell loss-making PSUs, subsidiaries

  October 28, 2016 11:34 IST

  The Union Cabinet today gave in-principle approval to NITI Aayog's proposal for strategic sale of sell loss-making state-owned companies, subsidiaries and select manufacturing plants to the private players. The Cabinet meeting, chaired by Prime Minis