Live
- "MLA Hafeez Khan: Development of Minorities Possible Only Under Jagan's Leadership"
- Satya Kumar Yadav accuses Jagan's government of cheating voters with false promises in manifesto"
- Several leaders from YCP join TDP in Gannavaram Constituency
- Raghurama Krishnam Raju criticizes Jaganmohan Reddy's manifesto as 'old wine in an old bottle
- Denduluru Villagers Leave YCP for TDP, Citing Neglect and Lack of Development
- Velampally Srinivasa Rao Alleges Bonda Uma's Votes Invalid, Demands Action by Election Commission
- Bookshelf
- YS Sharmila slams YSRCP govt. accuses of not establishing tribal university and medical college
- Ex-diplomat discovers Amritsar’s dark side while translating his grandfather’s book
- Embracing the art of unlearning: A path to professional growth
BEML, MIDHANI set for disinvestment
BEML, MIDHANI set for disinvestment
Defence ministry aiming at divesting parts of the state-run defence sector companies
New Delhi: Defence public sector undertakings BEML, GRSE Ltd and Mishra Dhatu Nigam are set for disinvestment, the government said in Rajya Sabha on Monday.
The defence ministry is aiming at divesting parts of the state-run defence sector companies to enhance their efficiency in sync with the government's broader objective of boosting indigenous production of military hardware and weapon systems.
"Defence Public Sector Undertakings (DPSUs) set for disinvestment are BEML Ltd, Garden Reach Shipbuilders & Engineers Limited (GRSE) and Mishra Dhatu Nigam Limited (MIDHANI)," Minister of State for Defence Shripad Naik said in a written reply in Rajya Sabha.
He said the policy of disinvestment of minority stake without transfer of management control is being followed for priority sector including DPSUs to unlock value and promote public ownership.
"Policy of disinvestment of minority stake without transfer of management control is being followed for priority sector including defence PSUs to unlock value, promote public ownership, to meet the minimum public shareholding norms of SEBI (Securities and Exchange Board of India) and for ensuring higher degree of accountability," Naik said.
