Parsa Venkateshwar Rao Jr | State back in saddle; can pvt sector drive growth?
Published : Feb 2, 2021, 7:14 am IST
Updated : Feb 2, 2021, 7:14 am IST
There is the feeling that the economy is at the end of the Covid-19 tunnel, and the post-pandemic turnaround is around the corner
Ms Sitharaman has announced a huge capital expenditure outlay across sectors from health to infrastructure, and even to the financial sector, by setting up a Developmental Financial Institution with a capitalisation of Rs 20,000 crores. ((Sajjad HUSSAIN / AFP)
It was a sober budget for sombre times. Finance minister Nirmala Sitharaman delivered her third Union Budget without rhetorical flourishes. It was not the “once in hundred years” Budget the finance minister had promised. There is nothing bold or imaginative. It is the usual State-led Budget. But her quotation from Rabindranath Tagore, “Faith is the bird that feels the light and sings when the dawn is still dark”, reflects the mood
BPCL, Air India stake sale by September; LIC IPO post October, says DIPAM Secretary
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| Photo Credit: Reuters
The initial public offering (IPO) of India s largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government s divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal. Targeting to raise ₹1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (SCI), IDBI Bank Ltd and two other public sector lenders in the fiscal year beginning April 1.
‘We are disengaged with ETFs’
February 02, 2021
Tuhin Kanta Pandey - Businessline×
Tuhin K Pandey, Secretary of Department of Investment and Public Assest Management (DIPAM) says valuation of Bharat Petroleum Corporation Ltd (BPCL) is yet to be done
Tuhin K Pandey, Secretary of Department of Investment and Public Assest Management (DIPAM) says valuation of Bharat Petroleum Corporation Ltd (BPCL) is yet to be done. In an interview with
BusinessLine, he made it clear that there will be no more Exchange Traded Fund (ETF). He also said that some of CPSEs may not be able to complete the requirement of achieving Minimum Public Shareholding (MPS) within the given time frame. Excerpts:
The Budget is very pragmatic, very practical and very rational and it does not put in additional cesses, taxes and brings sensibility to the Budget making process, says the NITI Aayog CEO
Diesel price was also unchanged at Rs 76.48 per litre. Petrol and diesel prices were hiked by 25 paise per litre on January 27, according to a price notification from oil marketing companies. This had taken prices in Delhi to Rs 86.30 per litre and Rs 76.48, respectively. Petrol prices in Mumbai stood at Rs 92.86 per litre the same as yesterday. One litre of diesel will cost Rs 83.30 in the city. In Chennai, petrol remained unchanged to sell at Rs 88.82. Diesel was retailing at Rs 81.71 in the city. In Kolkata, the retail price of petrol remained at Rs 87.69 and diesel at Rs 80.08 per litre.