PHL is a 51:49 joint venture of the government and ONGC providing helicopter and aero mobility services. ONGC had earlier decided to offer its entire shareholding to the successful bidder identified in the GoI strategic disinvestment transaction, on the same price and terms as government.
For the last several months, the 41-year-old MP from Uttar Pradesh’s Pilbhit has been expressing views on various issues - from farm laws to inflation - that are not in line with the BJP's official stand.
The government earlier this month handed over ownership rights in national carrier Air India to Tata Group for Rs 18,000 crore. The amount includes the takeover of the debt burden of Rs 15,300 crore and another Rs 2,700 crore in cash.
After farmers protest, Rakesh Tikait may initiate a new movement against privatisation of public sector banks, gives hint in a new tweet.
The international service was among the first public-private partnerships in India, with govt holding 49 pc, the Tatas keeping 25 pc and the public owning the rest.
According to the statement of objects and reasons of the general insurance amendment bill, it seeks to remove the requirement that the central government should hold not less than 51 per cent of the equity capital in a specified insurer.
The protestors declared that they will not allow privatization of the plant which was achieved with the sacrifice of many lives. Raising slogans against the Central government and holding banners and placards, the protestors marched through the street in the 'Padayatra'.
Abizer Diwanji of consultancy firm EY said defaults are bound to happen in the banking business, but one has to deal with them upfront rather than taking 5-7 years to deal with it.
According to reports, the government has picked CBI and IOB for divestment. The government is likely to amend the Banking Regulations Act and other related laws to facilitate the planned divestment.
The Central government aims to sell its residual stake in four airports as part of the Rs 2.5 lakh crore asset monetisation pipeline.
Speaking at a webinar on privatisation by the Department of Investment and Public Asset Management (DIPAM), Modi said the Budget has given a clear roadmap to take India to a high growth trajectory.
The government is clear and unapologetic about privatisation of public sector enterprises as part of reforms, Principal Economic Advisor Sanjeev Sanyal said on Friday.
Union Finance Minister Nirmala Sitharaman said crucial sectors such as coal production and exploration, defence production and space would see an increased participation from private entities
Union Railway Minister Piyush Goyal has emphasized on the need for public-private partnership for bringing more investments for fast track development of the railways.
Weeks after the Air India chief stated that the airline's financial situation was "grossly untenable" for sustaining operations, Civil Aviation Minister Hardeep Singh Puri clarified on Tuesday that the national carrier, which is incurring a loss of Rs 20-26 crore daily, will keep on running till it is privatised.
Union Civil Aviation Minister Hardeep Singh Puri while speaking on Air India's privatisation said they don't become a slave to or victim of certain deadlines but are trying to privatise Air India as quickly as possible.
Over 6,000 people took part in the rally addressed by Gandhi, who arrived here after winding up his three-day Wayanad constituency visit. "I will always be with you in fight against wrongdoings of this government," said Gandhi.
Civil Aviation Minister Hardeep Singh Puri on Wednesday said in Rajya Sabha that national carrier Air India will have to close down if it is not privatised. He, however, said that a favourable deal would be ensured for all the employees.
The nearly 800-member strong Indian Commercial Pilots' Association (ICPA), whose members fly narrow-body planes, has decided to work towards bringing all the unions at the airline under a common platform to oppose privatisation of the airline.
He also alleged that while Modi was busy campaigning for US President Donald Trump, he was also "dismantling" India's Constitutional order.
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