A formal decision is expected to be announced next week after the meeting of the Union Cabinet.
The Cabinet on Wednesday gave in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank in line with the Budget announcement earlier this year. The central government and LIC together own more than 94 per cent equity of IDBI Bank. LIC, currently the promoter of IDBI Bank with management control, has a 49.21 per cent stake. The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the strategic sale of IDBI Bank, an official statement said on Wednesday.
The fresh negotiations with Israeli authorities concerned for procurement of the two Phalcon AWACS come in the midst of India's bitter border row with China in high-altitude eastern Ladakh.
The air defence command is proposed to be set up alongside the Central Command Headquarters of the IAF which controls important air bases including Agra, Gwalior and Bareilly.
A government statement said Modi conveyed to Putin that India attaches the highest priority to the safe exit of Indians from Ukraine and their return to India.
The Union cabinet on Wednesday approved the roll-out of the 'PM POSHAN in Schools' scheme that will provide hot cooked meal to students of elementary classes in government and government-aided schools across the country.
Besides the prime minister, the ministers of defence, home, external affairs and finance are members of the committee.
Opposition parties alleged that the PM's address was a violation of the Model Code of Conduct.
The Budget Session will be held from January 29 to April 6.
The Cabinet Committee on Economic Affairs on Thursday steeply increased the price of gas, hitting the aam-aadmi, also gave a meagre hike to the minimum support price of food-grains, adversely affecting farmers, reports Sheela Bhatt.
With the role of the venerable elder thrust on him in UP, Mr Singh has had to attune himself to the politics at the Centre, observes Aditi Phadnis.
The idea is to do away with the need for the approval of the Core Group of Secretaries on Divestment for privatisation of companies, especially in non-strategic sectors.
Defence Minister Rajnath Singh said on Tuesday that India cannot remain dependent on other countries for its defence and that the indigenously developed Tejas was better than its foreign equivalents on several parameters and also comparatively cheaper.
There will be no change in LPG and kerosene rates, Oil Minister M Veerappa Moily told reporters in New Delhi after the meeting on Cabinet Committee on Political Affairs. "I am happy to inform the Cabinet Committee on Political Affairs has decided to raise the cap on subsidised LPG to nine cylinders per household in a year from existing six cylinders," he said.
The NSA visited the affected northeastern parts of Delhi, including Jaffrabad and Seelampur, where he met police officers and gave them necessary directives, besides meeting leaders of different communities to assuage the tensed situation, the officials said.
The CCPA meeting, chaired by Home Minister Rajnath Singh, was held on Friday evening after National Democratic Alliance presidential nominee Ram Nath Kovind filed his nomination papers.
It is baffling how the PM chose the LCH as an indigenous product to celebrate on Rashtriya Raksha Samarpan Parv, even while his Cabinet holds up manufacturing clearance for 15 LCHs on the grounds that they are not Indian enough.
Telecom equipment from China may face fresh curbs after the Cabinet on Wednesday cleared a proposal to secure telecom infrastructure by designating a "trusted source" for the purchase of equipment by service providers. Briefing reporters after the meeting of the Cabinet Committee on Security headed by Prime Minister Narendra Modi, Law, Telecom and IT Minister Ravi Shankar Prasad said a National Security Directive on Telecommunication Sector has been framed keeping in mind the national security.
At a meeting of the business advisory committee of Lok Sabha, which has floor leaders of all parties besides the government representatives and is chaired by the Speaker, most political parties favoured curtailment of the session, which started on September 14 and was scheduled to conclude on October 1.
On Tuesday, Modi will share his views with India Inc on 'Getting growth back'.
With a high-powered ministerial panel on fuel pricing being scrapped, a cabinet committee may consider raising the prices of diesel, LPG and kerosene, Oil Minister S Jaipal Reddy indicated on Wednesday but refused to say when the issue would be taken up.
Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions. As per the legal position evaluated by Department of Investment and Public Asset Management (DIPAM) - the department running the process for sale of government's entire 52.98 per cent stake in BPCL - the acquirer of BPCL will have to make an open offer to the minority shareholders of Petronet and IGL for acquisition of 26 per cent shares, three sources with knowledge of the matter said.
The 'institution' of CDS carries tremendous responsibility of modernising the country's military forces, and reflecting the 'hopes and aspirations' of 1.3 billion Indians, Modi said.
The CDS will have his office in South Block in New Delhi and shall have the parent service uniform, officials said on Tuesday.
He added there would not have been need of any due process or Cabinet Committee for Appointment if seniority alone was the criterion.
The income tax department will share PAN and bank account details of any entity with 10 investigative and intelligence agencies, including the CBI and NIA, under the integrated counter-terrorism platform NATGRID, according to an official order.
Experts of the NSG and investigators of the NIA are being sent to Jammu and Kashmir to join the probe into the terror attack.
The establishment of these medical colleges will add at least 15,700 MBBS seats in the country.
At the same time, the Cabinet approved reducing government's stake in select PSUs such as IOC to below 51 per cent while continuing to retain management control.
The proposed auction has business-friendly terms and conditions, including reduced upfront amount, adjustment of upfront amount against royalty and liberal efficiency parameters to encourage flexibility to operationalise the coal mines. Besides, 100 per cent FDI through automatic route has been allowed.
The RSS wants three nominees inducted: Tejaswi Surya, the young BJP MP from Bengaluru South, Vinay Sahasrabuddhe, a Rajya Sabha member, and former Maharashtra chief minister Devendra Fadnavis.
The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of Hindustan Aeronautics Limited R Madhavan said on Sunday.
Parliamentary Affairs Minister Pralhad Joshi on Friday met Congress parliamentary party chief Sonia Gandhi, seeking her party's cooperation for smooth functioning of the Parliament session beginning June 17.
In what seemed a political understanding, Trinamool Congress chief and Railway Minister Mamata Banerjee stayed away from a cabinet committee meeting where the government finally cleared two disinvestment proposals she had been opposing.
The decision to procure the fleet was taken at a meeting of the Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi, Defence Minister Rajnath Singh said.
Official sources said the Cabinet Committee on Security (CCS) could be held in the evening and if political parties want, an all-party delegation might also go to Jammu and Kashmir. The all-party meet is scheduled for 11:30 on Wednesday morning, a decision for which was taken after the Monday's CCS meeting.
Prime Minister Dr Manmohan Singh will on Wednesday convene the Cabinet Committee on Security meet to discuss the current crisis prevailing in the Kashmir Valley.
The combativeness reflects her insistence not to meekly acquiesce to what has been going on in Raisina Hill for years or decades, observes Kartikeya Tanna.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of utilities to improve efficiency. Briefing after the CCEA meet here, Power and New & Renewable Energy Minister R K Singh said, "We have done a lot for power distribution reforms. It needs to be strengthened. Today, the Cabinet has approved the new scheme worth Rs 3.03 lakh crore, including Rs 97,000 crore central outlay." He said the funds would be given to power distribution companies (discoms) to strengthen their system.
The session will have nearly 18 sittings, Parliamentary Affairs minister Ananth Kumar said.
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