Budget 2018: Arun Jaitley reveals govt mops up Rs 1 lakh cr via divestment this year; aims Rs 80,000 cr in FY19
The government reduced stake in several PSUs this fiscal, including EIL, NTPC, NALCO and OIL.
Fiscal deficit may be slightly higher than target of 3.2% of GDP as per earlier projection: Niti Aayog vice-chairman
The government aims to contain the fiscal deficit for 2017-18 to 3.2 percent of the GDP, and 3 percent in 2018-19
Here's a list of some key budget-related terms so that you know what it means when Arun Jaitley mentions them in his speech on 1 February
Air India's proposed stake sale will go on, but suggestions on divestment welcome: Ashok Gajapathi Raju
Currently, a ministerial panel is firming up the contours of the strategic divestment -- of at least 51 percent stake -- in Air India and its subsidiaries
Government mulls options to absorb Air India employees in public sector enterprises ahead of stake sale
The government is exploring options of absorbing Air India employees in public sector enterprises and voluntary retirement package as it moves ahead with the airline's disinvestment.
Parliamentary panel tells Centre to not privatise Air India, says give the airline at least five years to revive
This is not an appropriate time to divest government stake in Air India, which should be given at least five years to revive and its debt written off, a parliamentary panel is likely to tell the government.
Civil Aviation Minister Ashok Gajapathi Raju said in a written reply that the projected net loss of Air India in the budget estimates for 2017-18 (provisional) stood at Rs 3,579 crore as against Rs 3,643 crore (provisional) for the year 2016-17
The alternative is to have central govt breach fiscal deficit target and borrow more from the market, which is being done now
The loss-making Air India is reeling under a debt of over Rs 52,000 crore, with about Rs 28,000 crore in working capital debt, and about Rs 4,000 crore as interest outgo
With so many questions and few answers, what will the appointment of yet another bureaucrat as Air India CMD do? Won’t his hands be tied to the eventual fate of the disinvestment process, hindering day-to-day decision making?
Pradeep Singh Kharola would replace Rajiv Bansal who has been serving as interim CMD of Air India for a little over three months
Bharat 22 ETF: Govt raises Rs 14,500 cr; fund sees Rs 32,000 cr bids, so far Rs 52,000 cr garnered via divestment
In Bharat 22 ETF, as much as 25 percent of total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore
In Bharat 22 ETF, shares of government companies represent 6 core sectors of economy
Bharat 22 ETF to debut on Tuesday; aims to raise Rs 8,000 cr, to be part of Rs 72,500 cr divestment plan
Bharat 22 ETF is a part of government's overall disinvestment programme which seeks to raise Rs 72,500 crore
Last month also, the airline had sought proposals for short-term loans of up to Rs 3,250 crore to meet urgent working capital requirements.
While it is correct that the Tatas’ emotional attachment to Air India can neither be denied nor belittled, that alone should not push the group into yet another acquisition.
Earlier this month, the disinvestment-bound Air India had floated tenders for availing government guarantee backed INR short-term loans totalling up to Rs 3,250 crore in the first phase to meet its urgent working capital
NTPC shares closed 2.5 percent higher on the BSE at Rs 173.55 apiece on Monday
Air India is required to monetise its assets and generate Rs 5,000 crore by way of sale, leasing or developing an asset as a joint venture
Rajiv Bansal, who is additional secretary and financial adviser at the petroleum ministry, will replace Ashwani Lohani -- who has been appointed as the Chairman of Railway Board.