Once the list has been approved by the Secretariat, led by the Cabinet Secretary, the finalized names will be forwarded to the Alternative Mechanism (AM) for approval.
Niti Aayog on Thursday submitted a list of state-owned banks to be registered during the financial year to the Core Group of Secretaries on Disinvestment. Tank tank is responsible for the selection of the names of two public sector banks and one general shareholding insurance company, as announced in Budget 2021 - 2022.
"We have submitted the names (PSU banks) to the Core Group of Secretaries on Disinvestment," on Thursday, quoting a senior government official.
Once the list has been approved by the Secretariat, led by the Cabinet Secretary, the finalized names will be forwarded to the Alternative Mechanism (AM) for approval. After this, the list will eventually go to Cabinet, led by the Prime Minister, for final approval. With the approval of Cabinet, changes will be made on the regulator's side to facilitate marketing, reports said.
The Core Group of Secretaries on Disinvestment also includes the secretary of economic affairs, the secretary of finance, the secretary used, the company secretary of legal affairs, the secretary of legal affairs, the secretary of the Department of Public Enterprises, the secretary of the Department of Investment and Public Property (DIPAM) and the secretary of the administration.
Finance Minister Nirmala Sitharaman, as early as March 16, had assured that the interests of all bank employees who may have their investments would be protected, according to a report. “We have announced a Public Enterprise Policy in which we have identified four areas for public sectors. In this case, the financial sector also exists. Not all banks will be privately owned. The interests of bank employees who may be privately secured will be completely protected - whether their salary or scale or pension, everything will be taken care of, ”said the finance minister.
“Even those banks that may be the owners, the private sector will continue to operate after self-employment; The interests of the workers will be protected, ”he said. "We need banks that will be able to raise the standard ... We want banks that will be able to meet the aspirations of this country," he added, explaining the reason for the purchase of shares.
The government has set a budget of 75 1.75 lakh crore from the sale of stakes to state-owned companies and financial institutions, including 2 PSU banks and one insurance company, for this financial year. The value is lower than the record ₹ 2.10 lakh crore which will be increased from CPSE investments in previous financial instruments.
Niti Aayog on Thursday submitted a list of state-owned banks to be registered during the financial year to the Core Group of Secretaries on Disinvestment. Tank tank is responsible for the selection of the names of two public sector banks and one general shareholding insurance company, as announced in Budget 2021 - 2022.
"We have submitted the names (PSU banks) to the Core Group of Secretaries on Disinvestment," on Thursday, quoting a senior government official.
Once the list has been approved by the Secretariat, led by the Cabinet Secretary, the finalized names will be forwarded to the Alternative Mechanism (AM) for approval. After this, the list will eventually go to Cabinet, led by the Prime Minister, for final approval. With the approval of Cabinet, changes will be made on the regulator's side to facilitate marketing, reports said.
The Core Group of Secretaries on Disinvestment also includes the secretary of economic affairs, the secretary of finance, the secretary used, the company secretary of legal affairs, the secretary of legal affairs, the secretary of the Department of Public Enterprises, the secretary of the Department of Investment and Public Property (DIPAM) and the secretary of the administration.
Finance Minister Nirmala Sitharaman, as early as March 16, had assured that the interests of all bank employees who may have their investments would be protected, according to a report. “We have announced a Public Enterprise Policy in which we have identified four areas for public sectors. In this case, the financial sector also exists. Not all banks will be privately owned. The interests of bank employees who may be privately secured will be completely protected - whether their salary or scale or pension, everything will be taken care of, ”said the finance minister.
“Even those banks that may be the owners, the private sector will continue to operate after self-employment; The interests of the workers will be protected, ”he said. "We need banks that will be able to raise the standard ... We want banks that will be able to meet the aspirations of this country," he added, explaining the reason for the purchase of shares.
The government has set a budget of 75 1.75 lakh crore from the sale of stakes to state-owned companies and financial institutions, including 2 PSU banks and one insurance company, for this financial year. The value is lower than the record ₹ 2.10 lakh crore which will be increased from CPSE investments in previous financial instruments.
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