A Parliamentary panel has asked the government to promote retail participation instead of selling shares of PSUs to institutions through the Offer For Sale (OFS) route. The panel is unhappy with the present disinvestment procedure. The panel is not in favour of 'Offer for Sale' of shares route by promoters through Stock Exchange Mechanism, instead the government should look for market penetration and encourage retail investors.
Tag: government
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Cairn India awaits govt nod for Rs 50 bn investment plan
Cairn India is awaiting government approval for an over-arching integrated block development plan which envisages investment of Rs 5,000 crore on its Rajasthan oil fields between 2013-2016. The company is also awaiting government decision on extending the Production Sharing Contract (PSC) of the R
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India to become No 2 in aviation market in a decade
Union Civil Aviation Minister Ajit Singh said recently that India would become the second-largest air traffic market in the world within a decade as the government has adopted an open air policy. Speaking at the official inauguration of the new airport at Nagpur in Maharashtra, named the Dr BR Ambedkar International Airport, he said domestic carriers flew close to 162 million passengers in 2011-12, up from 143 million in 2010-11.
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Govt plans to liberalise pricing regime in oil and gas sector
Union Finance Minister P Chidambaram informed foreign investors that the union government plans to liberalise pricing regime in the oil and gas sector in order to attract more investment into the sector. The government is considering a cabinet note on how to move from a production sharing model to revenue sharing model for oil and gas explored and excavated by com
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Andhra govt, railways to implement Rs 650 cr project
Andhra government and Rail Vikas Nigam are in the process of jointly implementing a Rs 650-crore phase II multi-modal transport system project in Hyderabad. Both the entities would set up a special purpose vehicle to implement the project and the cost would be shared by them in the ratio of two-thirds (Andhra Pradesh government) and one-third (south central Railw
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Andhra govt may seek Rs 10 bn aid from World Bank for road project
The Andhra Pradesh government would soon approach the World Bank for financial assistance for its road upgradation projects in various parts of the state, especially in rural areas. The state government plans to seek a Rs 1,000-crore credit line from the World Bank once the proposal receives approval from the state cabinet
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Highway projects worth Rs 1,900 cr get poor response
Country-wide highway projects worth over Rs 1,900 crore have found no takers even though these are based on the annuity model under which the concessionaire recovers a fixed amount of the investment from the government each year, a situation that officials say reflects the severe financial crunch in the private sector. The projects, for four-laning 177 km along NH-37 in Assam, are part of the Special Accelerated Road Development Programme in the North East approved by the Cabinet earlier this mo
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Indian cement producers expect govt’s aid
Recent reports say that cement manufacturers in India are hopeful that the government will take the promised action to boost the countryĂâs industrial climate. Cement demand was slightly subdued in the last financial year, forcing price hikes to maintain margins; an upswing is dependent on infrastructure investment by the government, which looks more likely in the run-up to the general elections next year.
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Indian cement producers expect govt’s aid
Recent reports say that cement manufacturers in India are hopeful that the government will take the promised action to boost the countryĂâs industrial climate. Cement demand was slightly subdued in the last financial year, forcing price hikes to maintain margins; an upswing is dependent on infrastructure investment by the government, which looks more likely in the run-up to the general elections next year.
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Odisha govt may set up panel for e-auction
Media reports indicate that Odisha government
plans to set up a special committee under the steel and mines department to take care of e-auction of iron ore. It is learnt that the proposed committee would carry out the task in association with MSTC. The online auction conducting agency, MSTC is ready with all nece