Order issued on 29 May had asked universities to raise funds from various sources & reduce dependence on government funds. The move was criticised by state's teaching community.
Principal secy of higher education has asked state universities to generate their own funds from alumni, CSR, public-private projects, research grants, patents etc.
Govt has earned Rs 4.48 lakh crore from disinvestment since 2014. With inflation factored in, this still represents 57% of all disinvestment proceeds since 1991.
The finance ministry official says to focus on privatisation of state-run companies instead, pointing to market volatility and investors' shaky appetite for risk.
Centre expected to raise Rs 65,000-cr through disinvestment & privatisation of state-run firms this financial year. Govt official says move aimed at ensuring resources aren't wasted.
The real argument against disinvestment is that any sale of a large firm is likely to fall into an oligarch’s lap. No one would want to make them more powerful than they already are.
Budget deficit target is doable, increased capex is a positive & it takes a realistic, if political, view of disinvestment. But protectionism, rising debts, slashed subsidies are problems.
Govt could see deal as win considering airline’s dire debt spiral. Meanwhile, Tata should see scale of losses reducing quickly, & no more political attacks from ministers.
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.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
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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