Prasanta Sahu

Articles By Prasanta Sahu

423 Articles

PSU disinvestment: Govt to offload 12.5% in Mazagon Dock Shipbuilders through IPO

The IPO is part of the disinvestment programme to garner a whopping Rs 1.05 lakh crore in FY20, up from Rs 85,000 crore in FY19 and Rs 1 lakh crore in FY18.

Mazagon Dock Shipbuilders, IPO, Mazagon Dock Shipbuilders IPO, disinvestment, disinvestment receipts News

PSU Disinvestment: IOC, NTPC, BPCL, GAIL may go into private hands this fiscal

Stake sales in the Maharatna firms — namely IOC, NTPC, BPCL and GAIL — could happen either through the OFS or ETF route; strategic sale of at least one of them is also on the radar. In all these CPSEs, the Centre’s stak

PSU Disinvestment, IOC, NTPC, BPCL, GAIL, central public sector undertakings News

Booster shot for real estate sector; National Housing Bank to pick up stakes in HFCs

To help revive the ailing real-estate sector and give a further push to affordable housing where the government is placing a lot of thrust on, finance minister Nirmala Sitharaman will soon announce a clutch of steps.

Pacts between lenders and developers not to deter discounts to homebuyers News

Sweetening the deal: Farmers may get Rs 6,000 per acre to shun sugarcane farming

Given the ever-rising fiscal burden and depletion of water tables owing to farmers in areas with low irrigation coverage choosing to cultivate water-guzzling crops, a government panel is considering recommending special incen

Economy News

S&P flags India’s weak public finances, low per capita income

Rating agency’s representatives meet RBI, Niti Aayog and finmin officials to gather feedback from policymakers

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PSU disinvestment: Modi govt shelves plan for OIC, NIC, UIIC

“A road map has to be prepared to first to bring their solvency ratio to the required level before merging the three. After the merger, if the solvency ratio meets the norm, disinvestment of merged entity will be considered

Disinvestment, Oriental Insurance Company, National Insurance Company, solvency ratio, New India Assurance Company , DIPAM News

Modi govt to fast-track spending in Q2 after RBI windfall

If revenue receipts fare poorly, the Centre could roll over some payments such as subsidies to the subsequent years or resort to additional extra budgetary resources through PSUs to keep fiscal deficit at the BE level.

Economy News

15th Finance Commission may scrap revenue-deficit grants to states

“Revenue deficit will unlikely be a permanent feature. (Remedy for it) will be subsumed in the vertical and horizontal devolution pattern itself,” an official told FE.

RBI, Nirmala Sitharaman, Union Government News

Fiscal deficit: States cut capital expenditure to meet FY19 targets

In contrast, the Centre’s fiscal deficit stood at 3.5% in FY18 and 3.4% in FY19, mainly bec-ause it had to step up spending to boost growth in the absence of private investors.

Last fiscal, it deferred its goal of achieving the 3% deficit yet again, this time by two years to FY21. (Representational Image) News

Population control: Finance Commission may not reward states for poor show

Such a move would placate southern states such as Kerala and Tamil Nadu as well as a few other such as Odisha, whose population growth is less than the replacement population growth rate of 2.1/per woman.

15th Finance Commission, divisible tax pool, centre state tax pool News

Number crunching: Actual fiscal deficit in FY19 was 6.1 per cent

Budget 2019 India: So, as many experts have pointed out, there is actually upward spiral in the general government deficit, while the official line is that the prescribed glide path is being adhered to.

fiscal deficit, fiscal deficit in FY19, GDP, CAG, NHAI, SC Garg, oil PSUs, fiscal targets, economy news

Atanu Chakraborty’s experience with global investors to come in handy

Indeed his stunning success at DIPAM — the government surpassed the divestment target of Rs 80,000 crore in 2018-19 by a handsome Rs 5,000 crore — is proof of his capability to deliver quietly and efficiently.

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Centre wants states to spend on defence, moots non-lapsable fund for armed forces

The Centre has also increased the cesses and surcharges, the proceeds of which are not required to be shared with the states.

Economy News

Fresh tranche of CPSE ETF may fetch govt Rs 11,000 crore

A record Rs 45,080 crore via two extant ETFs — Rs 26,350 crore from CPSE ETF and Rs 18,730 crore from Bharat-22 ETF — helped the Centre mobilise 53% of the disinvestment receipts in FY19.

Exchange Traded Fund, ETF, economy news, CPSE ETF News

Monetisation: FCI to lease out warehouses

Given the National Food Security Act and the government's plan to double farmers' income by 2022, the costs of procurement and storage of grains could rise further in the coming years.

Monetisation, FCI,FCI warehouse, warehouse lease out, food corporation of india, food corporation, economy news, food grain News

Central PSUs miss capex targets, still contribute big on asset creation

On a year-on-year basis, however, capex by these entities fell 1.1%, in what reflected the drying up of cash reserves with them owing to robust investments made over the last few years on the government’s prodding.

Missed targets, CPSE capex, industry news, capex ,  GAIL, AAI, DMRC, SAIL,  News

PSU divestment: Govt stake below 51% will unchain public sector firms

The government could not privatise a single firm from the list of two dozen PSUs identified by the Niti Aayog in 2016, partly due to fear of legal harassment later.

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PSU disinvestment: Time for big and small strategic sales, says DIPAM secretary Atanu Chakraborty

The government has been following the policy of disinvestment in non-financial public sector undertakings maintaining that the Centre's stake not to go below 51%. The Budget for FY20 proposes to change that policy.

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Budget 2019: Centre’s capex to rise 11.8% to Rs 3.38 lakh crore in FY20

Budget 2019 India: ONGC will continue its robust investment with Rs 32,921 crore in the current financial year (compared with Rs 33,006 crore in FY19)

Budget 2019-20, Union Budget 2019 India News

Budget 2019: Centre aims to scale up disinvestment to record Rs 1.05 crore in 2019-20

Union Budget 2019 India: The government has been following the policy of disinvestment in non-financial public sector undertakings, maintaining that the Centre’s stake not to go below 51%.

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, News

Family silver: Modi govt chalks out grand plan to monetise assets

With the tax revenue growth tapering, the Centre will tap non-tax sources of revenue with unprecedented vigour over the next few years. According to official

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Disinvestment: Massive mop-up via ETF planned

A spate of ETF (exchange-traded fund) issues and a couple of PSU-to-PSU deals is likely to be the mainstay of the disinvestment programme in FY20.

ETF, exchange-traded fund, PSU-to-PSU, disinvestment, disinvestment programme, offers for sales News

Budget 2019: Why Centre may scale up expenditure financed out of extra-budgetary resources

Union Budget 2019: The growth of net tax revenue turned out to be 6% against 19% estimated (BE), so, the ask rate of growth to meet the Interim Budget target is now a daunting 29%.

budget 2019, union budget 2019 News

Modi’s plan to tackle job crisis in India

Panel for jobs and skill development set up; states also to step up hiring

Job creation, jobs in india, jobs vacancy, Narendra Modi, Modi 2.0 Cabinet,  BJP, Union Public Service Commission, Staff Selection Commission, skill development,  railway recruitment, railway jobs News

Operation cleanup: Govt looks to remove dead wood in bureaucracy

Rule 56 (j) being used more aggressively, vigilance heads asked to identify non-performers

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Budget 2019: Actual fiscal deficit at 4.1%; glide path barely being adhered to

Centre cut Budget spending by `1.45 lakh crore, but it spent almost same amount out of extra-budgetary resources

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Modi 2.0: Mergers, pruning of ministries on the cards; DPE may go to finance ministry

DPE may go to finance ministry, fertiliser or irrigation may merge into agri ministry.

modi government News