The government raises around Rs 1,350 crore from the 5.36% stake sale in Rail Vikas Nigam Ltd (RVNL) through a two-day offer for sale (OFS).With the completion of the OFS, the public shareholding in RVNL would rise to a little over 27% from 21.8%, meeting the market regulator’s Minimum Public Shareholding (MPS) norm of 25% for listed firms. Subsequent to the OFS, the government will also sell a 0.5% stake in the company to eligible employees. This would fetch another Rs 126 crore to the Centre.
Consider the following statement about Pradhan Mantri Kisan Samman Nidhi (PM-KISAN):
I. Under the scheme, the Centre transfers an amount of Rs...
If the INR is quoted as 1 USD = Rs.76, it is called a _________
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Government has restructured the Centrally Sponsored Scheme of Rashtriya Gram Swaraj Abhiyan (RGSA) as Revamped RGSA on 13.04.2022 for implementation fr...
Section 112 A deals with
What is the investment limit for Foreign Portfolio Investors (FPI) in government securities (Gsecs) as announced by the RBI for the fiscal year 2024-25?
Recently which public sector lender has rolled out six new digital initiatives under ‘Project WAVE’ for enhancing customer experience throug...
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Banks shall make provisions, with effect from the year ending March 31, 2003, on the net funded country exposures on a graded scale ranging from 0.25 to...
Which of the following are true with respect to Udyogni Yojana?
I. Appl...
