Central Bank of India, Indian Overseas Bank, Bank of Maharashtra and Bank of India are some of the names that may be considered for privatisation by the Core Group of Secretaries on Disinvestment.
Fitch believes that political support in favour of legislative changes to the Act, which are required in order to go through with the sale, could be a significant hurdle for the government.
Sale of Airport Authority of India's (AAI) remaining stake in the four airports as also 13 more airports have been identified for privatisation in 2021-22 fiscal.
The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation
"Even while the agitation to save Vizag steel plant is intensified, the minister's remarks tend to provoke Telugu people," CPM Visakhapatnam district secretary K Lokanadham said
CPI (Maoist) Telangana State Committee spokesperson Jagan alleged that the Modi govt was privatising profitable public sector companies to capitalist and corporate forces
In a statement, the AINBOF said privatization will primarily impact the general public only as the social objectives will be lost in the name of profitability.
Chief Minister YS Jaganmohan Reddy had already announced that a resolution would be adopted in the Assembly opposing the privatisation of Vizag steel plant
The decision was informed by the Chief Minister himself to the members of JAC of Ukku Parirakshana Committee who met him on his arrival at the city airport here on Wednesday
Jaganmohan Reddy also drew the attention of Modi to the fact that the plant had a good performance between 2002 to 2015 earning profits with positive net worth.
Finance Minister Nirmala Sitharaman had announced that a new policy on PSU privatisation will be announced whereby a list of strategic sectors requiring presence of PSEs in public interest will be notified.
Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last week for buying loss-making carrier Air India.