Breaking News
  • Big rally on Wall Street
  • Maruti Suzuki contributes Rs10mn for Leh relief
  • Vodafone to launch 3G services in few months
  • Son-rise in Wipro...Rishad Premji to be Chief Strategy Officer
  • Govt asks RIM, Google, Skype to set up local servers
  • Kingfisher Airlines stock up as Board approves fund raising plan

Enter your email address to get updated

Get headlines on your mobile for freeActivate Now

India divestment plan

  • Share
  • Share

India

Indian Government announced a bold divestment plan by encouraging the share market buoyant condition. Cabinet Committee on Economic Affairs (CCEA) said in a statement that PSU’s having last three years profitable record will come out with IPOs and the money generated by this move will be spend for public welfare.

In recent past we saw two IPOs by Government namely NHPC and Oil India and now there will be around 40 listed companies and 100 unlisted companies of Government, which will come out in market for generating money for public welfare. Government enhancing on the point that the proceeds of this divestment plan will be directly use for education and health care and need not be go through National Investment Fund (NIF) route.

Communist Party (CPM), on the other hand starts opposing the divestment plan of PSUs and saying that it would effect the economy of the country in a negative way. BSNL employees too starts opposing the move.

Related posts:

  1. Divestment in NTPC : FPO Price Band National Thermal Power Corporation (NTPC) is the largest power generating...
  2. Religare Fixed Maturity Plan – Series III – Plan A to F – Plan B (18 Months) : NFO Religare Mutual Fund is managed by Religare Asset Management Company...
  3. Fidelity Fixed Maturity Plan – Series II -Plan F (New Fund Offer) The sponsor of the Fidelity mutual fund is Fidelity International...
  4. ICICI Prudential Fixed Maturity Plan-Series 53-3 Years Plan A : NFO ICICI Prudential Mutual Fund has launched a New Fund Offer...
  5. Realty firms plan IPOs as markets recover At least 15 real estate companies, including Emmar, MGF and...

Related posts brought to you by Yet Another Related Posts Plugin.

If you liked this post, enter your email ID here and get latest posts directly in your Inbox

Delivered by FeedBurner

Activity

No comments, leave your comment or trackback.

Leave a Reply


Your Ad Here