Topic
psu
Business Centre Rules Out Diluting PSU Strategic Sale List, Tells Ministries to Work Together
The Centre has ruled out diluting the list of PSUs earmarked for strategic sale despite review demands from several ministries, according to The Times of India. The government has already raised over Rs 60,000 crore from disinvestment against an Rs 80,000 crore target, with IDBI Bank's privatisation being the next major test.
Finance RBI retains Tata Sons in upper-layer NBFC list, adds four PSU financiers
The RBI's revised FY27 upper-layer NBFC list adds four public sector infrastructure financiers — REC, PFC, IRFC and HUDCO — while retaining Tata Sons without prejudice to its de-registration application. The total number of entities subject to NBFC-UL regulations has increased to 19 from 15.
Commodities Kerala MP Hibi Eden seeks Centre's intervention to revive, modernize FACT
MP Hibi Eden has sought Union Fertilizer Ministry intervention to revive and modernize FACT, citing an unprecedented financial crisis from rising raw material costs. His demands include restructuring ₹1,000-crore loans, expediting ₹6,350 crore modernization projects, higher subsidy rates and K-VAT exemption on LNG.
Business Arvind Panagariya Calls for Dedicated Privatisation Ministry, Urges Reviving PSU and Bank Disinvestment
Arvind Panagariya has called for reviving the government's privatisation programme for PSUs and PSBs and advocated creating an independent privatisation ministry. He also noted strong gross FDI inflows rising to $94.5 billion in FY26 and expects FPI outflows to calm in FY27.