The prime minister’s recent remark about the ‘business of government is not to be in business’ is a well-known conservative articulation of the role of the State in economic developm...

The finance ministry has asked public sector general insurance firms, especially National Insurance, Oriental Insurance and United India Insurance, to rationalise branches and cut down avoidable expen...

The cash-strapped Modi government has sent out an advisory to public sector units asking them to pay higher dividends and on a quarterly basis. The move is seen as an attempt to shore up its finances....

The strategic sale of the government’s 52.98 per cent stake in state-owned refiner BPCL is likely to be delayed close to two years, complicating the Centre’s ability to raise Rs 2.10 lakh ...

The lockdown has proved to be a drag on the disinvestment process. The limitations of working in a virtual environment may force the government to extend the deadline for the submission of expressions...

The Bharat Bond exchange-traded fund with a base size of Rs 7,000 crore is slated to open for subscription from December 12 to December 20, finance ministry officials said.The ETF, which has got the g...

The fourth round of auction for oil and gas blocks saw only two PSUs — ONGC and Oil India Limited — submitting bids for seven fields. Oil and Natural Gas Corporation (ONGC) bagged all the seven oi...

The fifth and final tranche of the economic stimulus package to deal with the economic fallout of the Covid-19 pandemic, announced by the finance minister Nirmala Sitharaman on Sunday, focuses on refo...

The Union cabinet is expected to soon consider the Narendra Modi-government’s plan to reduce the Centre’s stake in certain public sector undertakings to below 51 per cent, while continuing to reta...

State-owned firms are expected to spend over Rs 1 lakh crore in the second half of the financial year with the government urging them to front load capital expenditure to boost demand in the economy. ...