Financial bids for six CPSEs to be invited by January

The Centre will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp., by January, a top government official said on Wednesday. Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), also invited private players to bid for the CPSEs that are up for … Read more

Government has no business to be in business: Narendra Modi

Mr. Modi also said the Centre’s policy is to either monetise or modernise public sector enterprises, with the intent that the government has “no business to be in business”. Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring … Read more