Strategic disinvestment for the present government is "the sale of substantial portion of the government shareholding of a Central public sector enterprise
of up to 50 per cent, or such higher percentage as the competent authority may determine, along with transfer of management control", as defined by DIPAM.
Prior to the stake sale, the government made it clear that HPCL would continue to be a central public sector enterprise
(CPSE), retaining its separate identity and brand and will be independently run by its board.
12 ( ANI ): NBCC (India) Ltd., the Navratna Central Public Sector Enterprise
(CPSE) under the Ministry of Housing and Urban Affairs, on Thursday signed a Memorandum of Understanding (MoU) with the Skill Development Institute (SDI) Bhubaneswar, for the construction of the institute.
New Delhi: The Public Enterprises Survey 2017-18 on the performance of Central Public Sector Enterprises
, was tabled in both the Houses of Parliament last month.
We plan to decide on the winning bidder by June and the legal formalities will be concluded by December this year." In his Budget speech on Thursday, Finance Minister Arun Jaitley said: "The government has also initiated the process of strategic disinvestment in 24 Central Public Sector Enterprises
. This includes strategic privatisation of Air India." On the other key issue regarding the exact debt level of the airline and the ways to deal with it, Sinha said that it is being looked at by a ministerial group - Air India-specific Alternative Mechanism - headed by Jaitley.
* Central Public Sector Enterprises
(CPSEs) or Central Public Sector Undertakings (CPSUs).
The ministry has said all cases of combinations involving the central public sector enterprises
(CPSEs) operating in oil and gas sectors under the Petroleum Act, 1934, have been exempted from the CCI approval requirement for five years.
Geete said that Air India has joined the list of sick central public sector enterprises
Equity ETF assets jumped in April to Rs 4,359 crore (about $726 million), or 2.45 per cent of MF industry assets, when the government sold stakes in 10 state-run companies through the Goldman Sachs Central Public Sector Enterprises
ETF to garner about Rs 3,395 crore.
At the same time, payments delayed by government departments and central public sector enterprises
will be monitored by the Department of Expenditure on a dashboard for faster clearances.