Divestment Minister Arun Shourie said the government has virtually discarded the Rs 12,000 crore divestment target.
The government has been able to mobilise Rs 3,000 crore to Rs 3,500 crore (Rs 30-35 billion) by way of divestment during the first nine months of the current financial year, Divestment Minister, Arun Shourie.
Japanese tyre maker Bridgestone Corporation's Rs 66.6-crore proposal for hiking equity in its Indian arm to 100 per cent was among the 23 proposals worth Rs 92 crore cleared by the Government Monday.
Civil Aviation Minister Shahnawaz Hussain has said he is 'totally in favour' of divesting Air-India and Indian Airlines, but asserted there are no buyers for them in the present depressed global aviation market.
Petroleum Minister Ram Naik said the terms and conditions of the strategic sale of HPCL and and public offer in BPCL would be worked out by a core group of secretaries on divestment.
The government said on Wednesday that it has sought law ministry's opinion on the sale of Centaur Hotel in Mumbai. \n\n\n\n
The government plans to set up a separate divestment fund out of the proceeds of privatisation of the PSUs and use it to meet the basic needs of the people.\n\n\n\n\n\n\n\n\n\n
The United States-based publishing software firm Adobe on Tuesday said it will add 100 professionals for its research and development activities in India in the next one year.
Former Trai chief lashes out on CBI, ministers in 2G scam
India is taking up with the United States the issue of reduction of H1B visas for specialised workers, as it would affect movement of Indian software professionals to that country, the Rajya Sabha was informed on Thursday.
The government is believed to have zeroed in on DSP Merill Lynch for appointment as advisor and UBS and I-Sec as lead manager for the proposed public offer in Bharat Petroleum Corporation.
The government on Saturday approved a price of Rs 125 per share for divestment of its 25 per cent stake in car major Maruti Udyog Ltd.
Telecom Minister Arun Shourie said that TRAI would have to 'balance' various aspects while examining the tariff proposals, and expressed the hope that the issue would be sorted out soon.
The initial public offer of car market leader Maruti Udyog will hit the markets in the first week of June, Divestment Minister Arun Shourie said on Monday.\n\n\n\n
The basic and cellular industry seems to have agreed to workout a long-term solution to resolve the controversial Wireless in Local Loop issue, and the Group constituted by Communications and IT Minister Arun Shourie
The rupee's rise against the dollar was not hurting exports but the government was looking at ways to use rising foreign exchange reserves, a senior union minister said on Friday.\n\n\n\n
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
The inquiry will bring under a scanner Arun Shourie, the then disinvestment minister, and Bharat Hotels Chairperson Jyotsna Suri.
The Supreme Court on Thursday expressed concern over the misuse of "colonial era" penal law on sedition and sought response of the Centre on pleas including the one filed by the Editors Guild of India challenging the validity of the provision.
The Opposition on Monday demanded immediate release of all political detainees in Jammu and Kashmir, especially three former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti.
Arun Shourie on Friday hit out at Prime Minister Narendra Modi accusing him of "narcissism" and of running a one-man "Presidential government" the direction of which was "dangerous" for India.
"We are little perplexed that the two cases are listed on two different dates when the order was that these matters will be heard together," the bench said.
"It is reiterated that the petitioners are using documents with the intention to present a selective and incomplete picture of internal secret deliberations on a matter relating to national security and defence," the defence ministry said.
If credit card delinquency spells trouble, there may be questions with regard to the much bigger retail sub-categories of car and housing loans, notes T N Ninan.
'Modi's interview style is distinct, and alas one that is increasingly being followed by others as well, notably by the man who is out to challenge him, Rahul Gandhi.' 'This may appear aggressive and combative to readers and viewers, but the fact is that sometimes it becomes unclear as to who is interviewing who,' discovers Saisuresh Sivaswamy.
Kumar was among five individuals who were declared winners of the award, which is Asia's premier prize and highest honour and celebrates greatness of spirit and transformative leadership in Asia.
The Bharatiya Janata Party on Tuesday brushed aside former Union Minister Arun Shourie's statement that Prime Minister Narendra Modi 'managed headlines instead of economy', saying that the former had made such a remark since he was in pain for not being a part of the NDA government anymore.
Much before Rashtrapati Bhavan confirmed the new ministers' portfolios, we had said who will get what in Narendra Modi's Union council of ministers!
Human memory about policy issues is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor 'doing business' climate, taxtortion, extortionate oil prices, and high dependence on babus and the big State that has kept the enterprise system stifled, observes Debashis Basu.
A bench headed by Chief Justice Ranjan Gogoi will pronounce the verdict.
Arun Shourie, who made a name as an editor par excellence before he chose to join politics, put it in perspective: 'The Rafale judgment enables the media to its job.'
'In enacting the citizenship law, the BJP's focus has been so much on consolidating its Hindu vote bank all over the country to divert attention from the economic downturn that the party forgot that there are Hindus and Hindus and that one group of Hindus may not always be warmly embraced by another,' notes Amulya Ganguli.
The superintendent of Taloja jail has just been transferred. Does that signal a more human phase in prison for the Bhima Koregaon accused? asks Jyoti Punwani.
Congress vice president takes on Prime Minister during intolerance debate in Lok Sabha.
Congress vice president takes on Prime Minister during intolerance debate in Lok Sabha.
Former RSS ideologue K N Govindacharya on Tuesday sought to dissociate himself from the criticism by the BJP elders against Prime Minister Narendra Modi over Bihar polls, and said the senior leaders should have discussed the matter internally.
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