GoM may consider privatisation of IOB, Central Bank this year
IANS -
Sources said that the high level panel of secretaries met in the middle of last week to thrash out the regulatory and administrative issues concerning the PSU bank privatisation and have identified banks that would be put up disinvestment. The panel will now send the names of the shortlisted PSU banks to the group of ministers on disinvestment or Alternative Mechanism (AM) for approval.
Options being explored to further sweeten BPCL privatisation deal
IANS -
Sources said that the Department of Promotion of Investment and Internal Trade (DPIIT) may soon issue a clarification that the BPCL under new private-sector owners would be free to bring in foreign direct investments (FDIs) to the tune of the entire 100 per cent equity of the company without conditions.
Govt's privatisation plan will see it retaining minority shareholding in select companies
IANS -
Highly placed government sources said that a bare minimum government presence may be maintained in sectors such as defence, railways and infrastructure so that necessary hand holding is provided to the new management in the initial years of operation.
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