New PSE policy announced by finance minister

by | May 18, 2020

In the last tranche of the economic relief package, India’s FM has opened up all sectors to private players. A new public sector enterprises (PSE) policy will list strategic and non-strategic sectors. Strategic sectors will have at least 1 PSE, although the maximum number of PSEs has been capped to 4.

This move will lead to consolidation or privatisation of existing PSEs and paves the way for participation of private players in key sectors like atomic energy, mining, defence and railways.

More News

ITR World Tax – 2024 Rankings

We are pleased to share that the firm has been ranked by ITR World Tax for our work in Indirect Tax, General Corporate Tax and Transfer Pricing. Congratulations to our team for their work and accomplishments. Ravi S. Raghavan, Partner - Tax and Private Client Group,...

read more

India – Arbitration Update

In the recent ruling of Orissa Metaliks Pvt. Ltd. v. SBW Electro Mechanics Import Export Corporation (2023 SCC OnLine Cal 1583), the Calcutta High Court (HC), in deciding the validity of an arbitration clause, has held that the venue of the arbitral proceedings must...

read more