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.
War is not a staff college exercise. Battles are messy, losses mount, and the fog of war thickens. The safeguard is not temperament at the top but resilient institutions rooted in unity of command.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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