Crash that killed 4 one of several Pawan Hans chopper accidents in last few decades. These incidents, coupled with losses, operational issues & legal hurdles, may delay disinvestment.
The privatisation process was stalled after two bidders walked out over issues such as lack of clarity in fuel pricing, with just one bidder left in the fray.
Government has already met one-third of its Rs 65,000-cr disinvestment target for this year. But legal and procedural delays with high-value companies are now posing hurdles.
While govt was successful in selling Air India to Tatas, BPCL got pushed to the new financial year. The hope was it would be among the first big-ticket deals early in 2022-23.
Since 2014, shortfall in disinvestment targets was highest in 2021-22 in percentage terms, even though absolute figure peaked last year at Rs 1.72 lakh crore.
SC in November ordered CBI investigation into Vajpayee govt’s 2002 sale of HZL shares to Sterlite. Govt responded with application saying CBI’s basic facts were wrong.
Govt had set ambitious target of Rs 1,75,000 crore in Union Budget, with over a third of receipts targeted from the listing of Life Insurance Corporation and privatisation of BPCL.
In written reply, MoS Finance Bhagwat Karad listed status of every PSU that was selected. He explained why process has been halted in some, while others are caught in litigation.
The 20.1% growth in Q1 FY22 was largely driven by the base effect. Structural reforms including disinvestment and bank privatisation needed to ensure a sustained growth path.
Dice have been found dating to the Bronze Age in various Harappan sites in present-day northwest India and throughout Pakistan. And it’s very possible that some had female owners.
In 2024-25, India exported $387.54 bn worth of services, against imports of $198.14 bn, earning all-time high surplus of $189.40 bn. This offset 2/3rd of goods trade deficit.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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