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
PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.