Section 25 Companies Public Sector Enterprises having objects to promote commerce, art, science, religion, charity or any other useful purpose and not having any profit motive can be registered as non-profit company under section 25 of the Companies Act, These prestigious titles provide them greater autonomy to compete in the global market. Maharatna A company qualifying for the Maharatna - External website that opens in a new window status should have an average annual turnover of Rs 20, crore during the last three years against Rs 25, crore prescribed earlier. The average annual net worth of the company should be Rs 10, crore.
Agencies The finance ministry plans to launch a global exchange-traded fund ETF to attract long-term investment from overseas large pension fund houses.
The new ETF, which will be constituted after studying the appetite of large investors, is being planned for launch in the next financial year, an official said.
Initially, the ministry was planning to list Bharat ETF in the overseas market but decided not to go ahead with it as investors expressed apprehensions over the costs associated with hedging and currency conversion.
The official further said that the CPSEs in which there is substantial scope for further dilution of government equity, such as where the promoter holding is above per cent, will be included in the proposed ETF for global listing. ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
The Bharat basket is diversified and there should be investor demand in the overseas market, the official added. The official said the ETF route was a safer mode of divestment as it shielded investors against stock market volatility.
The ministry is planning a fourth tranche. The government has set a target of Rs 80, crore to be raised from PSU disinvestment this fiscal.Public sector undertakings in Kerala are of two types, public sector units in which majority shares are owned by Union Government and public sector units in which majority shares are owned by State lausannecongress2018.com sector undertakings in Kerala, i.e.
enterprises in which majority shareholder is Government of Kerala are generally divided into Manufacturing & Non-Manufacturing. Oct 18, · List of PSU companies that recruit in india In India, a government-owned corporation is termed as a public sector undertaking (PSU). This term is used to refer to companies in which the government (either the federal Union Government or the many state or territorial governments, or both) own a majority (51 percent or more) of .
Mar 13, · Best Answer: The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the government, whether national, regional or local/municipal. Examples of public sector activity range from delivering social security, administering urban planning and organizing national lausannecongress2018.com: Resolved.
Life Insurance Corporation will buy 51% stake in state-owned IDBI Bank to become the largest shareholder. Using PSU reserves to contain the fiscal deficit by buying up the shares of other PSUs is. Founded in , it has been government-owned since nationalisation in # Bank of India is another leading bank in India, which was founded in the year Some of the services offered by the bank include Deposits, Internet Banking, Credit Card and Debit card.
The Nuclear Power Corporation of India Limited (NPCIL) is a Central Government-owned corporation of India (a PSU) under the Companies Act of , with its headquarters in Mumbai, Maharashtra. It is responsible for the generation of nuclear power for electricity under the administration of the Department of Atomic Energy, Govt.
of India (DAE).