Shipping Corporation of India stock touched a fresh high of Rs 123.55, rising 19.14% against previous close of Rs 103.75 on BSE

Centre has been trying tooth and nail to divest its entire stake in Air India, including the airline's 100 per cent stake in no-frill subsidiary Air India Express Ltd and 50 per cent stake in Air India SATS Airport Services

While DIPAM targets to complete the stake sale by June, the government may have to relax the time period for bidders to complete due diligence.

Failure in meeting the revised performance-related pay criteria will not only mean rating downgrades for the CPSEs but also cut in the variable pay of its employees

In the Union Budget 2021-22, Finance Minister Nirmala Sitharaman had announced that disinvestment of Pawan Hans would be completed in 2021-22

In spite of criticism and Opposition jibes, the Centre commits itself to selling most PSUs; sets ambitious disinvestment target for FY22

The strategic sectors have been classified in four broad baskets -- national security, critical infrastructure, energy and minerals and financial services, said DIPAM Secretary Tuhin Kanta Pandey

The government has introduced the legislative amendments required for disinvestment of a stake in LIC India and IDBI Bank through the Finance Bill, 2021 presented along with the Budget on Monday, says DIPAM Secretary Tuhin Kanta Pandey

Resisting the temptation to hike taxes, the finance minister banked on disinvestment and asset monetisation to increase government's revenue.

While the government has maintained for long it does not wish to be in business in sectors that are not of strategic importance, its track record of disinvestment is patchy at best

Finance Minister Nirmala Sitharaman proposed in the Budget to create a National Monetisation Pipeline, comprising of potential brownfield infrastructure assets

Besides IDBI Bank, the government would privatise two public sector banks and one general insurance company in the year, Sitharaman said.

Announcing the Union Budget 2021-22, the Finance Minister also increased FDI in insurance sector to 74 per cent from 49 per cent

The government has garnered Rs 19,499 crore through CPSE disinvestment and share buyback so far in 2020-21, as against the Rs 2.10 lakh crore budget target set for the entire fiscal year ending March 31

The Department of Investment and Public Asset Management (DIPAM), which manages government stake sale programmes, had kicked off the privatisation drive inviting preliminary bids for debt-laden Air India in January

While Air India disinvestment is not likley to conclude by March 2021, the BPCL deal, coupled with privatisation of Shipping Corporation and CONCOR can push disinvestment proceeds to close to Rs 80,000 crore this fiscal.

The information memorandum says that in the event of employee reduction, the successful bidder should, for a period of one year must ensure that the company offer its employees voluntary retirement on terms no less favourable than what the Department of Public Enterprises offers

The RSS affiliate opposed PM Modi-led govt's disinvestment plan, calling for a new comprehensive policy that defines the role of public sector enterprises and their worth in making India more stronger

The Department of Investment and Public Asset Management (DIPAM) will soon hold inter-ministerial talks and outline the methods and strategies of bringing the government's stake down to 51% in the PSUs.