Sunday, Nov 27, 2022

PSU: Public Sector Undertakings

Bank Strike: Why PSU Banks Are Going On A Nationwide Strike This Week

Dec 14, 2021 Shreya Mehray

The strike, scheduled on December 16 and 17, is against the Banking Laws (Amendment) Bill, 2021 which would be a step towards the government’s plan to privatise the public sector banks.

Supreme Court Is Unhappy With ONGC's Approach To Arbitration

Dec 01, 2021 Outlook Web Desk

Despite the apex court's direction that the arbitrators themselves fix their fees, to be borne by both the parties, the ONGC insisted on paying the fees as enumerated under the clause of the contract.

New Bidding Rules For Govt Projects, But Will They Improve Execution?

The department of expenditure’s public procurement division’s new guidelines allow all non-standard works and non-consultancy services to be bid under the quality-cum-cost-based selection (QCBS) method. Will it change the way the government executes its projects?

FM Nirmala Sitharaman To Head GST Meet Today

Sep 16, 2021 Kamalika Ghosh

Finance Minister Nirmala Sitharaman will preside over the 45th meeting of the Goods and Services Tax (GST) Council in Lucknow today.

Highlights: Govt Announces Setting Up Of National Asset Reconstruction Company

Finance Minister Nirmala Sitharaman cleared a proposal providing Rs 30,600cr government guarantee for security receipts to be issued by the National Asset Reconstruction Company to tackle bad loans

16 March, 2021

Nationwide Bank Strike Continues To Impact PSB Services On Day 2; Check Details


Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services.

18 January, 2021

Kerala Will Move Against Privatisation Of PSUs: Pinarayi Vijayan

Outlook Web Bureau

The state government has written to the Prime Minister and Union finance minister twice against the move

20 December, 2020

Air India Divestment Process Likely To Continue Till Next Fiscal Year


The government is selling its entire stake in Air India that has been suffering losses since its 2007 merger with Indian Airlines

29 November, 2020

Finance Ministry Asks PSU General Insurers To Cut Expenditure, Rationalise Branches


In addition, firms have been asked to expand their business through the digital medium to improve financial health.

28 December, 2019

Health Of PSBs Restored, 13 Banks Report Profit: Nirmala Sitharaman


Public Sector Banks have been reeling under non-performing assets for the last few years.

27 November, 2019

'Air India Has To Be Closed Down If Not Privatised', Says Govt

Outlook Web Bureau

The government is readying the bid document to sell off its entire stake in the national carrier.


21 November, 2019

'Modi Govt Selling Country': Opposition Attacks Centre Over Stake Sale In BPCL, Other PSUs

Outlook Web Bureau

The government has approved sale of its entire stakes in blue-chip oil firm BPCL, shipping firm SCI and cargo mover Concor.

04 November, 2019

Limited Rise In Indices Goes Against The Grain Of Underlying Bullish Trends

Shilpa Nagpal

The market breadth was positive, with more than two stocks gaining for every one decline.

16 October, 2019

Public Sector Banks Had 'Worst Phase' Under Manmohan, Raghuram Rajan: Nirmala Sitharaman


Nirmala Sitharaman said while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today.

20 September, 2019

'Not A Cheerleader': Shaktikanta Das Says RBI More Than Autonomous


The conversations with the government cannot be stopped because the government is the sovereign and the RBI is part of the sovereign, RBI Governor Shaktikanta Das says.

06 September, 2019

Mamata Banerjee Writes To PM Narendra Modi, Protests Against Bank Merger

Outlook Web Bureau

Expressing concern, West Bengal Chief Minister Mamata Banerjee said the merger and the threat of shifting of the banks' headquarters will affect the developmental momentum of the state.

30 August, 2019

GDP Shock Numbers Call For Quick And Deep Economic Reforms

Outlook Web Bureau

An economy does not decline because of any one particular factor. A combination of issues combine together to create the perfect storm of a sharp decline.


30 August, 2019

After Consolidating PSUs, Nirmala Sitharaman Seeks To Strengthen Banks’ Governance

Outlook Web Bureau

For the first time, the banks have been allowed to recruit Chief Risk Officer from outside the PSU sector, with compensation linked to market rates.

Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

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The Future of Universities: Can India Overcome The Digital Divide?

The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.

Jan 15, 2022 Saikat Majumdar

Super Immunity, Natural Vaccines, Covid Gods: A Desi Guide To Denying The Pandemic

Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.

Jan 08, 2022 Rakhi Bose

What Is The Future Of The Liberal Arts In Asia?

Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.

Jan 01, 2022 Saikat Majumdar

Nagaland To Lakhimpur Kheri: Rights, Regimes And Restitutions in Times Of Turbulence

The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.

Dec 28, 2021 Tanvir Aeijaz