The finance ministry official says to focus on privatisation of state-run companies instead, pointing to market volatility and investors' shaky appetite for risk.
With transactions likely to take 15 days, & given current market volatility, it is learnt budget division in finance ministry isn't including LIC IPO proceeds as part of this fiscal's calculation.
In November 2021 SC directed a CBI probe into 2002 initial stake sale of Hindustan Zinc Limited to Sterlite Opportunities and Ventures Limited. Finance ministry requested a recall of the order.
Finance ministry in process of finalising certain provisions like the ‘bail-in’ clause, which had triggered uproar that forced the legislation to be withdrawn in 2018.
In a written reply in Lok Sabha, Sitharaman also said that no post/vacancy has been abolished during the last six years in the PSBs, except one post in Punjab & Sind Bank in 2016.
The grants are released as per recommendations of the 15th Finance Commission in monthly installments to meet the gap in revenue accounts of the states post devolution.
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
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