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.
‘The tirade against capitalism is wholly unfounded. Capitalism as it has shaped during the past quarter of a century is a far better method of developing the economic resources of any country,’ wrote DN Hosali in 1956.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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