CPSE IPOs within five-and-half months of government nod
The Dollar Business Bureau Setting strict timelines for the listing of profitable public sector undertakings (PSUs) on stock exchanges, the government has mandated the launching of IPO (initial public offer) within a period of five-and-half months after the approval from the concerned ministry. Within 2 weeks of the announcement in the Budget for listing of all profitable central public sector enterprises (CPSEs), the Department of Investment and Public Asset Management (DIPAM) has handed out guidelines specifying the procedure and mechanism for listing of CPSEs in a time-bound manner on stock exchanges. All CPSEs with a positive net-worth, having earned net profits back-to-back in previous three years and with no accumulated losses will be eligible for listing via divestment of 25% equity of the government, ...
Centre for private players in construction of food storage pools
Sai Nikesh | The Dollar Business In addition to already existing central pools available with Food Grain Corporation of India (FCI) for the storage of food grains, the Indian Ministry of State for Consumer Affairs on Tuesday informed that the government is keen on involving private players in the construction of storage capacities for food grains. In a move to further augment the available food grain storages in the country, the government is planning to rope in private entrepreneurs, private warehouses, Central Warehouse Corporation (CWC) and State Warehousing Corporation (SWC) under Private Entrepreneurship Guarantee scheme. Under this scheme, the Minister of State for Consumer Affairs Raosaheb Patil Danve says, the government has already approved the construction of a storage capacity of ...
