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Latest Articles in privatisation

Global Oil Majors May Be Joining Race For BPCL

The bidding process allows for other interested parties to join and form a consortium with any one of the bidders which had submitted an expression of interest (EoI).

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Global Oil Majors May Be Joining Race For BPCL: Document

The bidding process allows for other interested parties to join and form a consortium with any one of the bidders which had submitted an expression of interest (EoI).

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Bill For Privatisation Of State-Run General Insurance Cos Gets Parliament Nod

The upper house passed the legislation with a voice vote in the din, in a matter of minutes, with Finance Minister Nirmala Sitharaman not replying to points raised by MPs briefly.

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PSU General Insurers Employees Go On Strike To Protest Proposed Privatisation

The bill was passed by the Lok Sabha on Monday without discussion amid continuing protests by opposition parties on the Pegasus snooping and other issues.

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Bill To Amend General Insurance Law Introduced In Lok Sabha

Several opposition members had opposed the introduction of the bill, saying it will bring in foreign investors and entail total privatisation of PSU general insurance companies.

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Implementation Of NEP Nothing But Privatisation Of Education: AIFUCTO

Dr. Raghuraj Parihar, Zonal Secretary of the organisation from Kota raised various issues concerning the university and college teachers of Rajasthan.

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This Is Not The Time To Hold On To Fiscal Framework: Rajiv Kumar, Vice Chairman, Niti Aayog

“So a consumption-led fiscal stimulus will not result in a virtuous economic cycle unless its magnitude is huge as has been the case in the US or other advanced economies”

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This Govt. Is Clueless, My Advice Is Borrow And Spend-- P. Chidambaram

The economic growth statistics of the last financial year underplay some economic indicators like FDI and GST collection. The GDP numbers released by the National Statistical Office (NSO) show a 7.3 per cent contraction of the Indian economy over FY2020-21 ‒ the worst in over 40 years. Along, we must subject FDI to a closer analysis. Where are we headed in terms of economic planning and how do we reorient our growth story? And, crucially, what about India's youth dividend turning in bubble? Former Union Finance Minister and Congress member of Parliament, P. Chidambaram discusses these and other lacunae in planning with BW Businessworld’s Manish Kumar Jha.

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We Are In Phase Of Creeping Protectionism And MGNREGA Is Still The Best Bet In Rural Areas: Nobel Laureate Abhijit Banerjee

Abhijit V. Banerjee, Professor of Economics at Massachusetts Institute of Technology, received the 2019 Nobel Prize for Economic Sciences. How well his ideas fit into India’s economic growth amid the volcanic challenges are debated in his book--Good Economics for Hard Times-- which he co-authored with Esther Duflo. He touches upon more politically contentious issues like trade, inequality and the universal basic income for those who are left out of the economic growth story. In a free-wheeling conversation with Manish Kumar Jha of BW Businessworld, Prof. Banerjee comments on India’s healthcare, the privatization, fiscal support, and the complex matrix of Direct Benefit Transfer Scheme. He asserts that the Indian economy could be competitive should “we open ourselves to trade”. Excerpts:

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State-Owned Banks Getting Ready For Privatisation May Come Out With VRS

Central Bank of India, Indian Overseas Bank, Bank of Maharashtra and Bank of India are some of the names that may be considered for privatisation by the Core Group of Secretaries on Disinvestment.

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PSU Bank Privatisation Plan Could Face Hurdles Amid Covid: Fitch

'The Indian government's plan to privatise two state-owned banks in the current financial year (FY22, ending March 2022) could face delays amid renewed challenges for the Indian banking sector,'

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BPCL Says No Intention To Sell Stake In Petronet, IGL

BPCL will give the buyer ownership of around 15.33 per cent of India's oil refining capacity and 22 per cent of the fuel marketing share.

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BPCL Declares Record Rs 12,581 Cr Dividend Ahead Of Privatisation

The firm earned USD 4.06 on turning every barrel of crude oil into fuel in FY21 as compared to a gross refining margin of USD 2.50 per barrel a year back.

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Govt Names New Chairman Of Privatisation-Bound BPCL

The newly revamped Public Enterprise Selection Board (PESB) on Monday interviewed prospective candidates and selected Arun Kumar Singh for the position.

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NITI Aayog To Finalise Names Of 2 Public Sector Banks For Privatisation Soon

NITI Aayog has been entrusted with the task of selection of names of two public sector banks and one general insurance company for the privatisation as announced in the Budget 2021-22.

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