The govt said Air India disinvestment will bring private investment, robust management and faster decision making processes, which will improve the efficiency of the airline.
According to the statement, the extent of respective shareholding to be divested by govt & LIC will be decided at the time of structuring of transaction in consultation with RBI.
Modi govt is of the view that 2nd Covid wave won't cause major economic disruption like it saw last year. Officials confident of Air India & BPCL sale 'in next few months'.
If govt puts its weight behind privatisation and does not allow unions, bureaucracy or opposition to derail its plan, this will be a game-changing Budget.
Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management, says the government's exit from many sectors will help it to neutrally administer its policy-making role.
The Atmanirbhar narrative was big in this Budget, but it is here that the danger lies, because the sentiment of self-reliance is seductive and popular.
Strategic disinvestment of govt enterprises ‘created by taxpayers money is not right’, Swadeshi Jagran Manch says, but lauds steps announced to revive Covid-hit economy.
Speaking at the Assocham Foundation Week, Finance Minister Nirmala Sitharaman also said that the pace of disinvestment, hit by the Covid, will pick up in the coming months.
Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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