Privatisation

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Privatisation - Total results - 109
India would have been better equipped to fight COVID-19 with different economic policy, says Gopalkrishna Gandhi
India

India would have been better equipped to fight COVID-19 with different economic policy, says Gopalkrishna Gandhi

Gopalkrishna said the the country's economic policy — one which encouraged industrialisation and urbanisation, causing "huge population unsettlement" and forcing farmers to migrate to cities in large numbers — only spurred the COVID-19 pandemic

Rajan, Acharya may be off mark: PSU banks need strategy and focus to survive, not privatisation as remedy
India

Rajan, Acharya may be off mark: PSU banks need strategy and focus to survive, not privatisation as remedy

The PSU banks' problem is often linked to India's burgeoning fiscal deficit that needs control because pumping taxpayer money into state-run banks is fraught with risks.

Hardeep Singh Puri says will send proposal for 'further' privatisation of airports to Union Cabinet tomorrow
India

Hardeep Singh Puri says will send proposal for 'further' privatisation of airports to Union Cabinet tomorrow

Last year, airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, Guwahati were cleared for operation, management, development through public-private partnership model

Air India sale: DPIIT notifies decision to permit NRIs to own up to 100% stake in cash-strapped national carrier
Business

Air India sale: DPIIT notifies decision to permit NRIs to own up to 100% stake in cash-strapped national carrier

The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a decision of the union cabinet to allow non-resident Indians (NRIs) to control up to 100 percent stake in disinvestment-bound Air India

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri
Business

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on "extremely well"

Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier
Business

Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier

The government has extended the time till 6 March for bidders to pose additional queries regarding sale of its 100 percent stake in Air India

India becomes world's 5th largest economy with $2.94 trillion GDP; overtakes UK, France: Report
Business

India becomes world's 5th largest economy with $2.94 trillion GDP; overtakes UK, France: Report

The size of the UK economy is $2.83 trillion and that of France is $ 2.71 trillion

Air India sale: Govt working on proposal to allow 100% foreign direct investment in national carrier
Business

Air India sale: Govt working on proposal to allow 100% foreign direct investment in national carrier

The government is working on a proposal to allow 100 percent foreign direct investment in Air India as it moves ahead with disinvestment of the national carrier, according to sources

LIC staff union to hold hour-long walk-out strike today to protest against govt's IPO plans
Business

LIC staff union to hold hour-long walk-out strike today to protest against govt's IPO plans

The employees' union of Life Insurance Corporation (LIC) will stage an hour-long walk-out strike on Tuesday to protest against the government's move to sell its stake in the state-run insurer through an initial public offering

Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey
Business

Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey

Buyers of loss-making airline Air India and oil firm Bharat Petroleum Corporation Ltd (BPCL) will not get a free hand to shed excess workforce as the government will build in certain protection to employees in the share sale agreement, DIPAM Secretary Tuhin Kanta Pandey said

Economic Survey 2020: Privatised CPSEs reported better profit, sales after transition; aggressive disinvestment promotes efficiency
Business

Economic Survey 2020: Privatised CPSEs reported better profit, sales after transition; aggressive disinvestment promotes efficiency

It observes that the focus of the strategic disinvestment needs to be to exit from non-strategic business and directed towards optimising economic potential of these CPSEs.

Air India sale: RSS-affiliate Bharatiya Mazdoor Sangh opposes privatisation of national carrier, asks govt to revisit decision
Business

Air India sale: RSS-affiliate Bharatiya Mazdoor Sangh opposes privatisation of national carrier, asks govt to revisit decision

RSS-affiliate Bharatiya Mazdoor Sangh (BMS) on Tuesday opposed Air India sale, and urged the government to think over this decision

Bharat Bandh 2020: Over 10 national trade unions, thousand of strikers disrupt transport, banking services in protest against privatisation, unemployment
Business

Bharat Bandh 2020: Over 10 national trade unions, thousand of strikers disrupt transport, banking services in protest against privatisation, unemployment

More than 10 national trade unions affiliated to left-wing parties, including the main opposition Congress, have called for a nationwide protest against Prime Minister Narendra Modi’s labour reforms.

BPCL privatisation: Govt has no business to be in business, says Petroleum Minister Dharmendra Pradhan
Business

BPCL privatisation: Govt has no business to be in business, says Petroleum Minister Dharmendra Pradhan

Petroleum Minister Dharmendra Pradhan on Thursday said the government has "no business to be in business", and cited examples of telecom and aviation sectors where opening up had led to increased competition and price cuts to the benefit of consumers

PSB privatisation: Bank union defer with Nobel laureate Abhijit Banerjee's view; say diluting govt stake below 50% is no solution
Business

PSB privatisation: Bank union defer with Nobel laureate Abhijit Banerjee's view; say diluting govt stake below 50% is no solution

Associations of employees and officers of public sector banks (PSBs) have expressed disagreement with Nobel laureate Abhijit Banerjee's view that the government should privatise PSBs to tackle the crisis in the sector, asserting that diluting the Centre's stake in PSBs is "no solution"

Govt to form empowered group to privatise 150 trains, 50 railway stations: NITI Aayog
Business

Govt to form empowered group to privatise 150 trains, 50 railway stations: NITI Aayog

The government is in the process of forming a task force to draw a blueprint for handing over operations of 150 trains and 50 railway stations to private operators in a "time-bound manner"

BPCL shares drop over 3% as govt clears way for privatisation of state-owned fuel retailer
Business

BPCL shares drop over 3% as govt clears way for privatisation of state-owned fuel retailer

Shares of BPCL fell over 3 percent on Monday after the government repealed the legislation that had nationalised the company

Logistics major DHL Express warns poor infrastructure at Mumbai airport may risk $5 trillion economy target
Business

Logistics major DHL Express warns poor infrastructure at Mumbai airport may risk $5 trillion economy target

DHL said there is only a single slot for all airfreight operators and there is no scope for expansion at the nation's second-largest airport

Air India issues gag order on employees, warns of 'action' for interaction with media sans CMD's prior approval
Business

Air India issues gag order on employees, warns of 'action' for interaction with media sans CMD's prior approval

The communication also comes against the backdrop of instances where representatives of some Air India unions publicly criticised efforts to privatise the loss-making airline.

Jet Airways collapse: Govt must put brakes on open sky policy; privatisation is not a remedy, says AI Union official
Business

Jet Airways collapse: Govt must put brakes on open sky policy; privatisation is not a remedy, says AI Union official

The abrupt closure of Jet Airways operations for the time being has put jobs of its over 20,000 employees