Arun Jaitley was an Indian politician and attorney. A member of the Bharatiya Janata Party,Jaitley served as the Minister of Finance and Corporate Affairs of the Government of India from 2014 to 2019. Jaitley previously held the cabinet portfolios of Finance,Defence,Corporate Affairs,Commerce and Industry,and Law and Justice in the Vajpayee government and Narendra Modi government.
Pradip Baijal is an officer of the Indian Administrative Service (IAS) who retired as the chief of the Telecom Regulatory Authority of India (TRAI).
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. The Reserve Bank of India (RBI) has identified the HDFC Bank,State Bank of India,and ICICI Bank as Domestic Systemically Important Banks (D-SIBs),which are often referred to as banks that are “too big to fail”.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas,Government of India. It operates three refineries in Bina,Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer,whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020,and 1052nd on Forbes's "Global 2000" list in 2023.
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India,serving as the Treasury of India. In particular,it concerns itself with taxation,financial legislation,financial institutions,capital markets,centre and state finances,and the Union Budget.
Hasmukh Thakordas Parekh was an Indian financial entrepreneur,writer and philanthropist. He played a role in the development of Industrial Credit &Investment Corporation of India,now ICICI Bank,founded the Housing Development Finance Corporation,and in 1992 was awarded the Padma Bhushan for his contribution to the finance industry in India. The London School of Economics also conferred on him an honorary fellowship.
Infrastructure Leasing &Financial Services Limited (IL&FS) is an Indian state-funded infrastructure development and finance company. It was created by public sector banks and insurance companies.
Moosa Raza was an Indian civil servant who was the chairman of the South Indian Educational Trust (S.I.E.T.),which runs six educational institutions;he was also chairman of the executive committee of Coastal Energen Pvt. Ltd. Raza has written a widely read book,Of Nawabs and Nightingales.
The Directorate General of Hydrocarbon (DGH) is the Indian governmental regulatory body under the Ministry of Petroleum and Natural Gas.
Urjit Patel is a Kenyan-born Indian economist,who formerly served as the 24th Governor of the Reserve Bank of India and also Deputy Governor of Reserve Bank of India,looking after monetary policy,economic research,financial markets,statistics and information management. He resigned from his post on 10 December 2018,being the first RBI governor to state personal reasons as a driving factor for resigning.
Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments. These entities perform commercial functions on behalf of the government. Depending on the level of government ownership,PSUs are officially classified into two categories:Central Public Sector Undertakings (CPSUs),owned by the central government or other CPSUs;and State Public Sector Undertakings (SPSUs),owned by state governments. CPSU and SPSU is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress,CPSUs are granted the status of Maharatna,Navaratna,and Miniratna.
Hasmukh Adhia,IAS is an Indian Banker and a retired civil servant. He is one of the key persons behind the architecture and roll-out of the Goods and Services Tax &Demonetization scheme announced in 2016. He is an Indian Administrative Service (IAS) officer of the 1981 Gujarat cadre batch who served as Finance Secretary and Revenue Secretary of State. He previously served in several capacities for the Indian and Gujarat governments,including as Financial Services Secretary. He is the present Chairman of the boards of State public sector undertakings Gujarat Alkalies and Chemicals Limited (GACL) (GACL) and Gujarat Mineral Development Corporation Ltd(GMDC),GIFT City,standing committee of Pandit Deendayal Energy University,Gandhinagar and former Non-Executive Chairman of Bank of Baroda.A week after the government nominated him chairman of state-owned Bank of Baroda where he served till 29 February 2024,he was appointed as the Chancellor of Central University of Gujarat..Also,he serves as Chief Advisor to Gujarat Chief Minister in CMO from 2022 onwards.
Chewang Phunsog is an Indian civil servant and the chairman of the Public Enterprises Selection Board (PESB) of the Government of India. He is a former Chief Secretary of the state of Jammu and Kashmir. Phunsog,an Albert Parvin Fellow at the Woodrow Wilson School,was awarded the fourth highest civilian award of the Padma Shri by the Government of India,in 1998.
Disinvestment in Public sector undertakings in India is a process of public asset sales done by the President of India on behalf of the Government of India. It can be directly offered for sale to the private sector or indirectly done through a bidding process. The Public Enterprises Survey (2015–16),brought out by the Department of Public Enterprises,Ministry of Heavy Industries,&Government of India on the performance of Central Public Sector Enterprises was placed in both the Houses of Parliament on 21 March 2017. There were 331 CPSEs in 2017-18,out of which 257 were in operation. The remaining 74 of the CPSEs were being established.
D. Jagatheesa Pandian is an Indian civil servant from Nagercoil. He is the current Vice President and Chief Investment Officer of Asian Infrastructure Investment Bank. He previously served as IAS officer of Gujarat cadre and Chief Secretary of Gujarat.
Shaktikanta Das is serving as the current &25th governor of the Reserve Bank of India (RBI). He was earlier a member of the Fifteenth Finance Commission and India's Sherpa to the G20. Das is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre.
The National Infrastructure Pipeline (NIP) is a group of social and economic infrastructure projects in India over a period of five years with an initial sanctioned amount of ₹102 lakh crore (equivalent to ₹120 trillion or US$1.4 trillion in 2023). The pipeline was first made public by the Prime Minister of India Narendra Modi during his 2019 Independence Day speech.
Disinvestment in India is a policy of the Government of India,wherein the Government liquidates its assets in the Public sector Enterprises partially or fully. The decision to disinvest is mainly to reduce the fiscal burden and bridge the revenue shortfall of the government. The key engine in achieving growth in India during post-independence was played by Public Sector Enterprises (PSE). Among other responsibilities of PSE's post-independence,the social and developmental obligations of the nation were most important,which resulted in these units escaping competitive race. Later on the activities of the PSU's were divergent,concentrating towards more non-core areas like hotels and consumer goods among others. Further,the public enterprises were used as tools for political and bureaucratic manipulation;which was consequential in low capacity utilization,reduced productivity,failure to innovate,and complex decision-making processes on vital issues of development.
Rajesh Khullar is an Indian bureaucrat and Chief Principal Secretary to Chief Minister,Haryana. Previously,he served as Executive Director at the World Bank Group representing India,Bangladesh,Bhutan,and Sri Lanka. Khullar is a retired 1988 batch Indian Administrative Service (IAS) officer.
Indian 