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Budget 2021-22

Cabinet okays setting up of new PSU for monetisation of non-core PSU, govt assets

Synopsis: Setting the ball in motion on the Central government's asset monetisation plan, the Union Cabinet has approved the setting up of a new PSU — National Land Monetisation Corporation (NLMC) as a wholly owned Government of India company

Asset monetisation: Govt to monetise IOC’s 2 product pipelines, 1 LPG pipeline by FY23, say sources

The government is planning to monetise two product pipelines and one LPG pipeline of state-run oil behemoth IOC by FY23, two separate sources said

Govt to soon set up a company for monetisation of privatisation-bound PSU assets

The Ministry of Finance will approach the Cabinet soon to seek a nod for the setting up of an SPV for transfer and monetisation of non-core, land assets of privatisation-bound PSUs

PSU general insurance company employees go on strike to oppose govt’s privatisation plan

Employees of public sector general insurance companies (GIC) are observing a nationwide one-day strike to protest against the Centre’s privatisation plan for state-run insurers

Private IPP dues to wind down to 4-year low as discoms clear their dues: CRISIL

Dues of private, coal-based IPPs are expected to wind down to a four-year low of less than 100 days by the end of financial year 2021-22, an analysis by CRISIL has showed

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