Budget money is being prepared for force majeure // PPP and concession contingent costs are being taken under control

The White House continues its policy of strengthening control over budgetary expenditures through concessions and public-private partnerships (PPPs). Yesterday, the government approved bills on the obligation of the public side of such agreements and investors who initiated projects to provide data on possible budgetary risks to the federal or regional ministries of finance. Experts consider … Read more

Big news about Bank Privatisation! These two government banks will be private

Big news is coming about Bank Privatisation. The government thinktank Niti Aayog (Niti Aayog), in consultation with the Finance Ministry, has started discussions to finalize the names of the two public sector banks (PSBs). According to sources, these two banks are to be privatized during the current financial year. Sources have said that work is … Read more

Fundraising doubles in FY 2020-21 through public issue

The Ministry of Finance said on Wednesday that despite the uncertainty created due to COVID-19 Pandemic, the funds raised through Public and Rights Issues in FY 2020-21 There was an increase of 115 per cent and 15 per cent respectively. The ministry said in a statement that during this period 55 initial public offers i.e. … Read more