Public sector enterprises to get 12 months to sell non­ core assets

Central Public Sector Enterprises(CPSEs) has been given 12 months to monetise non-core assets failing which the finance ministry may restrict budgetary allocations to the companies.Non-core assets are assets that are either not essential or simply no longer used in a company’s business operations. Earlier,Department of Investment and Public Asset Management (DIPAM) had issued the guidelines… Continue reading Public sector enterprises to get 12 months to sell non­ core assets

Govt. earns ₹85,000 crore from disinvestment, overshoots target

Government has exceeded the disinvestment target of Rs 80,000 crore set for the Financial Year 2019,which ends in March.Disinvestments have touched ₹85,000 crore which is Rs 5,000 crore more than the set target.The next financial year’s disinvestment target has been set at Rs 90,000 crore. The government was able to reach its target after it… Continue reading Govt. earns ₹85,000 crore from disinvestment, overshoots target