Synopsis: The disinvestment of state-run BPCL seems to have become shrouded in uncertainties as the process has now dragged on for two years and there seems to be lack of clarity over whether it is headed
Synopsis: Faced with difficulties in meeting the budgeted disinvestment targets for FY22, Finance Minister Nirmala Sitharaman has reduced the target of disinvestment receipts for FY23 to Rs 65,000 crore which is even less than the revised estimate of the receipts for the ongoing financial year at Rs 78,000 crore. The target for the FY22 was Rs 1.75 lakh crore earlier, so, clearly, it is a drastic reduction
On being asked about the status of BPCL disinvestment, MoS for Finance Dr Bhagwat Kishanrao Karad said that EOIs have been received and the process is in due diligence stage
The BMS, an affiliate of RSS, is set to hold nationwide protests on October 28 to demand a stop to the Centre’s policies of disinvestment and privatisation of PSUs
The Kerala HC has admitted a writ petition challenging the BPCL management’s decision to exclude employees with less than 15 years of service from PRMBS