Shipping ministry backs divestment in Cochin ShipyardSeptember 15th, 2009 NEW DELHI - The shipping ministry has approved the Department of Economic Affairs' proposal to divest government state in Cochin shipyard, Shipping Secretary A.P.V.N. Sarma said here Tuesday.
Pradeep Kumar becomes new Defence SecretaryJuly 31st, 2009 NEW DELHI - Pradeep Kumar today took over as the Defence Secretary on the superannuation of Vijay Singh. Kumar, IAS (Haryana Cadre) - 1972 batch, was till now working as Secretary (Defence Production) in the Ministry of Defence.
Sunil Mitra is new disinvestment secretaryJuly 21st, 2009 NEW DELHI - The government Tuesday appointed West Bengal Power Secretary Sunil Mitra as the new disinvestment secretary. "The Appointments Committee of the Cabinet (ACC) has approved the appointment of Sunil Mitra, as secretary in the department of disinvestment, ministry of finance," an official statement said Tuesday.
Economic Survey favours raising Rs.25,000 crore from divestmentJuly 2nd, 2009 NEW DELHI - The Economic Survey the government presented in parliament Thursday called for revitalising the divestment policy so as to generate at least Rs.25,000 crore (Rs.250 billion/$5.22 billion) annually. List all unlisted public sector enterprises and sell a minimum of 10 percent of equity to the public, the survey stated.
Mamata not yet decided on railway disinvestmentJune 11th, 2009 NEW DELHI - Railway Minister Mamata Banerjee Thursday said she had not taken a decision on disinvestment in railways. "No communication regarding disinvestment in railways has come to me.
Steel minister okay with divestment, has identified unitsJune 10th, 2009 NEW DELHI - Steel Minister Virbhadra Singh Wednesday pushed for divestment of stake in companies under his ministry and said he would take up the issue of adequate supplies of feedstock for steel units with the states concerned. "If the policy of disinvestment is approved, we have some companies on our mind, Singh told reporters while presenting his ministry's agenda for the next 100 days.
Rahul Khullar is new commerce secretaryJune 5th, 2009 NEW DELHI - Disinvestment Secretary Rahul Khullar has been appointed the new commerce secretary, the government said Friday. Khullar, a 1975 batch officer of the Indian Administrative Service (IAS) of the union territory cadre, will succeed G.K.
New steel minister to stop dumping of steel in IndiaJune 3rd, 2009 NEW DELHI - Minister of State for Steel A. Sai Prathap today said that demand of steel producers for measures to curb the threat of cheap steel imports and dumping must be immediately addressed.
Oil India IPO by SeptemberJune 2nd, 2009 NEW DELHI - Oil exploration major Oil India Ltd (OIL) is likely to launch an initial public offering (IPO) in September, Petroleum Secretary R.S. Pandey said here Tuesday.
Virbhadra Singh assumes charge of Steel MinistryMay 29th, 2009 NEW DELHI - Minister for Steel Virbhadra Singh assumed charge here on Friday. He was welcomed by Steel Secretary P.K.Rastogi and other senior officers.
Andrew Yule to open DPSC disinvestment bid March 10March 6th, 2009 KOLKATA - Public sector heavy engineering firm Andrew Yule and Co. Ltd will open financial bids for disinvestment of group company DPSC Ltd March 10, a top official said here Thursday.
Kerala firm ties up with Bharat Heavy ElectricalsFebruary 2nd, 2009 NEW DELHI - Kerala is eager to enter into tie-ups with central public sector undertakings (PSU) to strengthen and modernise the state's public sector, Industries and Commerce minister Elamaram Kareem said here Tuesday. Speaking after Kerala Electrical & Allied Engineering Company Ltd (KEL) signed a memorandum of understanding (MoU) with the state-owned Bharat Heavy Electricals Ltd (BHEL), Kareem said the state government's slogan was to 'modernise and strengthen' the PSUs.
Kerala wants enhanced partnership with central public firmsFebruary 2nd, 2009 NEW DELHI - Kerala is eager to enhance business ties with central public sector undertakings (PSU) to 'modernise and strengthen' the state's public sector, Industries and Commerce Minister Elamaram Kareem said here Tuesday. Speaking after Kerala Electrical & Allied Engineering Co.
Public companies' officers demand greater autonomyJanuary 22nd, 2009 NEW DELHI - Officers of 21 public sector undertakings (PSUs) have joined hands to demand greater autonomy in decision making. 'We have constituted a Coordination Committee of Officers' Associations of Central PSUs to fight for the cause to save the PSUs.
Rahul Khullar named divestment secretaryJanuary 18th, 2009 NEW DELHI - Rahul Khullar, a 1975-batch officer of the Indian Administrative Service (IAS) with the union territory cadre, has been named the next secretary in the Department of Disinvestment. He takes charge from Vivek Mehrotra, a 1974-batch IAS officer with Haryana cadre, who has been moved as secretary in the ministry of minority affairs, an official statement said Monday.
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