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Budget 2022: Govt makes huge cut in PSU disinvestment target for FY23

Vivek Shukla -
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
National News

RINL & SAIL registered 95.40% jump y-o-y in steel exports in FY 2020-21

PSU Watch Bureau -
Disinvestment-bound RINL and SAIL registered a big 95.40 percent jump year-on-year in steel exports in FY 2020-21 as the two PSUs exported 3.2728 MT of steel
National News

COVID: In India, PSUs are leading the charge against #OxygenShortage from the front

Shalini Sharma -

As India faces an acute shortage of oxygen in fighting the 2nd wave of COVID-19 infections, PSUs are leading the charge from the front to address the crisis

National News

RINL privatisation protest: Steel PSU executives to take out silent march along with family

Vivek Shukla -

To protest against RINL privatisation, Steel Executives Association is going to organise a silent march on March 14 in which employees with take part along with their families

National News

RINL privatisation decision sparks massive protest in Vizag

PSU Watch Bureau -

Employees of Vizag-based RINL took out a massive rally on Friday morning to demand that the privatisation decision be rolled back

National News

CCEA has approved privatisation of RINL: DIPAM Secretary

PSU Watch Bureau -

DIPAM Secretary Tuhin Kanta Pandey has said that the CCEA has approved the privatisation of Rashtriya Ispat Nigam Ltd (RINL)

National News

2,000 steel PSU executives hold candle march to protest against DA freeze order

PSU Watch Bureau -

Around 2,000 executives across steel PSUs in India took to the streets on Nov 25, holding candles, to protest against the government’s DA freeze order

Defence Watch

RINL’s N Gowri Sankara Rao appointed as Director (Finance) of MIDHANI

Defence Watch Bureau -

N Gowri Sankara Rao who is currently serving as General Manager in RINL-VSP, has been appointed as Director (Finance) of MIDHANI

News Updates

Steel PSUs executives’ body urges Pradhan to merge NINL with SAIL or RINL

Shalini Sharma -

SEFI has written a letter to Dharmendra Pradhan, urging him to consider merging Odisha-based NINL with either SAIL or RINL

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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.

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