The first set of 12 private trains will be introduced in 2023, followed by 45 more in the next fiscal, according to an initial timeline drawn by the railways which plans to roll out all 151 such train services by 2027.
Members of Centre of Indian Trade Unions (CITU) on July 17 staged a protest in Rameswaram against 'privatisation of Indian Railways'.
At present, four public sector banks are under the RBI''s Prompt Corrective Action (PCA) framework, which puts several restrictions on them, including on lending, management compensation and directors'' fees.
The government is clear and unapologetic about privatisation of public sector enterprises as part of reforms, Principal Economic Advisor Sanjeev Sanyal said on Friday.
Farmers staged a protest against Electricity (Amendment) Bill 2020 at Gilawali village in Punjab's Amritsar against the privatisation of electricity board.
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
Labour Union staged a protest at Prayag Junction Railway Station on February 16.
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.
“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
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.
Congress leader and SC/ST rights activist Udit Raj said on Friday that a rally will be organised to raise the issues of privatisation, unemployment, EVM tampering and the "threat to Constitution and democracy", which the BJP government has "failed" to address.
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 Telangana High Court on Friday dismissed a petition against the state government's decision to privatise 5,100 routes of state-owned Telangana State Road Transport Corporation (TSRTC).
There is a proposal to outsource commercial and onboard services of a few trains, but no large-scale privatization plans are underway, the Railway Ministry informed Parliament on Friday.
Shares of Bharat Petroleum Corp Ltd (BPCL) and Shipping Corp of India (SCI) tumbled on Thursday after the Cabinet approved sale of government's stake in these companies.
Shares of Bharat Petroleum Corp Ltd (BPCL), Shipping Corp of India (SCI) and Container Corp of India (Concor) showed mixed trend on Thursday after the Cabinet approved the sale of government's stake in these companies.
The 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.
Employee unions at Air India on Wednesday decided to oppose privatisation of the airline as there is still no clarity on various issues, including payment of salary arrears and pension, according to a union's representative.
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