Disinvestment
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Budget 2025: From GDP to fiscal deficit to GST, here are key numbers to be watched
Budget | Jan 30, 2025, 04:51 PM ISTUnion Budget 2025: Finance Minister Nirmala Sitharaman to present her 8th consecutive budget. Key updates on fiscal deficit, GDP growth, tax relief for the middle class, capex, and disinvestment targets.
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FY23 disinvestment receipts pegged at Rs 65K crore
Business | Feb 01, 2022, 03:53 PM ISTThe government has mopped up Rs 12,030 crore from PSU disinvestment and strategic sale. This include Rs 2,700 crore from Air India privatisation and another Rs 9,330 crore through minority stake sale in various Central Public Sector Enterprises (CPSEs).
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Supreme Court orders CBI to register case in disinvestment matter of Hindustan Zinc in 2002
India | Nov 18, 2021, 01:35 PM ISTThe top court, however, allowed disinvestment of the Centre's residuary 29.5 per cent share in the open market.
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Govt receives financial bids for Air India disinvestment; Tatas among suitors
Business | Sep 15, 2021, 05:59 PM ISTThe government on Wednesday said it has received multiple financial bids for buying national carrier Air India. Meanwhile, a Tata Sons spokesperson told PTI that it has put in a bid for the airline.
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Air India disinvestment 'wholly anti-national': Subramanian Swamy
India | Jan 27, 2020, 01:02 PM ISTBJP leader and Rajya Sabha MP Subramanian Swamy has hit out at the Centre for allowing 100% disinvestment in Air India saying calling the move a wholly anti-national.
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RSS-backed union demands end to privatisation of PSUs
Business | Dec 28, 2019, 10:01 PM IST“The government must stop disinvestment, strategic sale, corporatisation and privatisation of public sector undertakings. The PSUs are the backbone of the Indian industrial structure and government must stop policy-driven privatisation of the same,” the RSS-affiliated union said
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Don't sell 'the jewel': Air India unions appeal to PM Modi
India | Dec 21, 2019, 10:14 AM ISTAir India unions have suggested the Centre to make the airline a board-managed company just like L&T and ITC.
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Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor
India | Nov 20, 2019, 11:25 PM ISTThe Union Cabinet on Wednesday approved strategic disinvestment in Bharat Petroleum Corporation Limited (BPCL) along with transfer of management control, excluding stake in Numaligarh Refinery. The decision was announced by Finance Minister Nirmala Sitharaman today.
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Key issues yet to be resolved for Air India sale
Business | Nov 01, 2019, 01:54 PM ISTAmong the key issues holding Expression of Interest (EoI), first stage of bidding, is whether FDI norms have to be relaxed to allow foreign airlines to take full control of the airline and extending national carrier status after change in ownership
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Banking sector a mess: Mamata slams Centre over bank merger
India | Sep 23, 2019, 03:15 PM ISTAddressing a trade unions' meet, the TMC supremo iterated that she will not allow NRC exercise in the state.
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It's official! 23 PSUs up for strategic disinvestment
Business | Jul 24, 2019, 10:34 AM ISTThe Narendra Modi government has decided to go for strategic disinvestment of 23 Public Sector Undertakings (PSUs). The budget estimate for the move in 2019-20 has been set at Rs 1,05,000 crore.
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Centre to go ahead with disinvestment process of Air India: Ministry of Civil Aviation
Business | Jun 27, 2019, 10:05 PM IST"In an AISAM (Air India Specific Alternative Mechanism) meeting held on 28th March 2018, it was decided that due to issues like volatile crude oil prices and adverse fluctuations in exchange rates, the atmosphere was not conducive for the disinvestment. But this was last year," the ministry said in a statement.
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Government committed to Air India's strategic disinvestment, says Civil Aviation Ministry
Business | Jun 20, 2018, 06:36 PM ISTA plan is also being worked out by the Air India board and the situation was reviewed after the proposed strategic stake sale of the national carrier failed to attract any bidders last month.
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Great deal of interest for Air India disinvestment: Civil Aviation Secretary RN Choubey
Business | May 10, 2018, 07:09 PM ISTCivil aviation secretary RN Choubey says there is a great deal of interest for disinvestment of Air India as the deadline for submission of preliminary bids ends this month.
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Now, Air India staff unions hit social media against disinvestment plan
Business | Apr 15, 2018, 07:03 PM ISTPeople are also being urged through WhatsApp messages to raise their voice against the strategic disinvestment of the national carrier, according to union representatives.
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No takers for 51% stake in Pawan Hans, fresh bids in ‘2 to 3 months’
Business | Feb 21, 2018, 06:28 PM ISTThe chopper company is a 51:49 joint venture between the Civil Aviation Ministry and oil behemoth ONGC.
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India Union Budget 2018: Divestment target hiked by over 10% to Rs 80,000 cr in 2018-19
Budget | Feb 01, 2018, 05:06 PM ISTAccording to Jaitley, the government has approved the listing of 14 CPSEs (Central Public Sector Enterprises), including two insurance companies, on the stock exchanges.
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Air India terminates over 400 contractual employees ahead of privatisation
Business | Jan 08, 2018, 08:41 PM ISTLast year, the Union Cabinet gave its in-principle approval for disinvestment of Air India and constituted an inter-ministerial group for working on the strategy for the airline’s stake sale.
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Air India ends 2017 at grim note, chief tells employees to ‘perform or perish’
India | Dec 31, 2017, 08:52 PM ISTKharola, who took over as chairman and managing director of the disinvestment-bound national carrier earlier this month, also said the onus to steer the company out of turbulence lies on everyone.
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Centre to exit 3 ITDC hotels, handover stakes to state govts
Sep 20, 2017, 05:32 PM ISTAs part of the disinvestment excercise, 3 ITDC hotels will be handed over to Rajasthan, Karnataka, Arunachal governments.