Privatisation Drive News Today

Air India sale kicks off major privatisation drive, next up LIC listing, says official : Rashtra News The sale of national carrier Air India to conglomerate Tatas has opened the way for faster privatisation of state firms and the government is on track to list Life Insurance Corporation (LIC) early next year, a top government

Centre kicks off privatisation drive; NITI Aayog submits list of 12 PSUs The list submitted by the governments policy think tank includes PSUs in strategic sectors and will be reviewed by the Department of Investment and Public Asset Management (DIPAM), and the Core Group of Secretaries on Divestment (CGD), headed by the cabinet secretary BusinessToday.In | March 12, 2021 | Updated 09:38 IST The list will be its first following the governments ambitious drive to privatise PSUs, as announced by...

The Banking Fix To revive the economy the Indian government has to find ways to improve the balance sheet of public sector banks. Indian banking books has been stressed for years now. But the COVID related moratorium and lending cut could lead to a massive rise in bad loans in 2021-22. A stress test of the Reserve Bank of India (RBI) on banks indicates that the gross non-performing asset ratio of all banks may increase from 8.5% in March 2020 to 12.5% in March 2021 due to the pandemic. To count...