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
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.
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
“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
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.
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.
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.
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.
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.
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.