Tuesday, Sep 26 2023 | Time 18:14 Hrs(IST)
image
Business EconomyPosted at: Dec 3 2017 10:58AM


Disinvestment of shares of profit-making PS units should be stopped: AIBEA to Jaitley

(Rptg, correcting word in para 1 line1)
Hyderabad, Dec 2 (UNI) All India Bank Employees' Association (AIBEA) on Saturday urged Finance Minister Arun Jaitley to see that disinvestment of shares of profit-making public sector units be stopped.
Giving AIBEA suggestions to incorporate in next budget 2018, its General Secretary Ch Venkatachalam said Budgetary allocation should be made to all the sick, revivable and potentially viable public sector units.
He said appointments of Chiefs of Public Sector Units that are remaining vacant should be expedited, Workman/Officer Director posts in Public Sector Banks’ Board to be filled up without any delay to comply with the Act and Schemes therein.
The Government holding in the public sector units shall not be divested to reduce the fiscal deficit or to meet the fiscal deficit target, he said, adding that it should not be the policy of the government to tackle fiscal deficit by sale of shares from public sector units.
Mr Venkatachalam said massive investments in public sector should be made to make concerted efforts to generate public employment and Foreign Direct Investments (FDI) in Banks and Insurance should be scrapped.
UNI CS SB 1021/1051
Please log in to get detailed story.
Tags: #Disinvestment of shares of profit-making PS units should be stopped: AIBEA to Jaitley
More News

Kottayam-Kochi Rubber Market rates

26 Sep 2023 | 5:06 PM

Kottayam, Sep 26 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Rupee slips paise against USD

Rupee slips paise against USD

26 Sep 2023 | 4:49 PM

Mumbai, Sep 26 (UNI) The Rupee on Tuesday ended record low at 83.23, down 10 paise against the USD, on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.

see more..
Sensex down 78 22 pts

Sensex down 78 22 pts

26 Sep 2023 | 4:47 PM

Mumbai, Sep 26 (UNI) The BSE Sensex on Tuesday dropped 78.22 pts at 65,945.47 as selling was witnessed in IT, Bankex, Technology and Health Care stocks.

see more..
Bandhan Retirement Fund aims to facilitate capital appreciation for retirement goals

Bandhan Retirement Fund aims to facilitate capital appreciation for retirement goals

26 Sep 2023 | 3:22 PM

Kolkata, Sep 26 (UNI) Bandhan Mutual Fund announced the launch of the Bandhan Retirement Fund, with the objective to provide long-term capital appreciation by investing in a mix of equity, debt, and other instruments to help investors meet their retirement goals.

see more..

India’s exports of cut and polished diamonds likely to fall by 22 pc in FY24, says ICRA

26 Sep 2023 | 2:43 PM

New Delhi, Sep 26 (UNI) Rating and Research firm ICRA on Tuesday said that it expects India’s exports of cut and polished diamonds (CPD) to fall by 22% to $17.2 billion in FY24, amid weakened demand from the key consuming nations.

see more..
image