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.
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
Former Trai chief lashes out on CBI, ministers in 2G scam
A consensus builder, Jaitley was regarded by some as Modi's original 'Chanakya'.
The inquiry will bring under a scanner Arun Shourie, the then disinvestment minister, and Bharat Hotels Chairperson Jyotsna Suri.
A bench headed by Justice Arun Mishra was informed by senior advocate Rajeev Dhavan, who was representing the petitioners, that they want to withdraw the plea as several petitions on the same issue are pending before the apex court and they don't want 'this to be entangled' with them.
A bench headed by Justice Arun Mishra, which on July 22, had issued show cause notice to Bhushan after initiating the criminal contempt against him for his two alleged derogatory tweets against the judiciary, had reserved the verdict on Wednesday.
A three-judge bench presided by Chief Justice Ranjan Gogoi and comprising of Justice Sanjay Kishan Kaul and K M Joseph said that it was not their job to go into the issue of pricing of the fighter planes.
A fresh political war of words erupted on Tuesday over the Rafale issue as the Bharatiya Janata Party accused the Congress leadership of corruption citing claims of a French media report on 'commissions' being paid during the United Progressive Alliance rule and said the Indian National Congress should be renamed 'I Need Commission' party.
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.
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.
"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.
The Supreme Court on Wednesday stayed the operation of sedition law, and ruled that all pending cases, appeals and proceedings with respect to charges framed for sedition should be kept in abeyance.
"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.
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.
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.
'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.
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.
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!
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.
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.
Former Union Minister Arun Shourie on Sunday said Narendra Modi, Amit Shah and Arun Jaitley should be held accountable for the BJP's loss in Bihar elections.
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.'
'Too many things happen in India... that is the root of the problem, not Raghuram Rajan'
The trio also accused PM Modi of single-handedly changing the parameters of the deal.
