Pawan Hans, Dredging Corp on list to meet target of Rs 800 bn for 2018-19
A look at the superstar's funeral procession, amid crowds of fans.
Air India sale will give a boost to India's privatisation drive, the Economic Survey said on Monday, as it suggested redefining the public sector role in business enterprises to encourage private participation in all sectors. The government earlier this month handed over ownership rights in national carrier Air India to Tata Group for Rs 18,000 crore. The amount includes the takeover of the debt burden of Rs 15,300 crore and another Rs 2,700 crore in cash.
Filmmaker J Om Prakash passed into the ages on Wednesday morning. He was 92.
Mona Kapoor was only 47.
The actor, who'd worked in over 200 films, passed away at the age of 98.
Singer-composer Bappi Lahiri, who popularised disco music in India in the 1980s and 1990s, has died following multiple health issues. He was 69.
Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. "It is government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," he said. Modi also said the Centre's policy is to either monetise or modernise public sector enterprises, with the intent that the government has "no business to be in business".
A Pawan Hans helicopter, engaged in rescue operations in rain-ravaged Uttarakhand, made an emergency landing at Harsil on Friday.
The government has tweaked the income tax laws to make it easier for the new owners of loss-making public sector undertakings (PSUs) to carry forward the accumulated losses and set them off against future profits. This will result in significant tax savings for the new owners if they are able to turnaround operations of the ailing PSU within a few years. This will, in turn, boost the post-tax earnings and returns for the new owners.
A helicopter of state-run Pawan Hans with three persons on board including a senior police officer on Tuesday went missing for a while before being spotted in a dense forest.
Re-rating of Bharat Petroleum Corporation, Container Corporation, Shipping Corporation, SAIL, and Hindustan Copper, for which the government has already shown intent to divest its stake, possible now, say analysts.
With the new owner shelling out Rs 18,000 crore for the buyout of 'Maharaja' this would be the highest ever amount garnered through privatisation or even the cumulative sum garnered through strategic sale in 1999-00 to 2003-04. The government had garnered roughly over Rs 5,000 crore during that five-year period by privatising 10 CPSEs.
Fans along with the film fraternity turned up to pay their last respects to the superstar.
The film fraternity turned up to pay their last respects to the legendary driector.
After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group. With the new owner shelling out Rs 18,000 crore for the buyout of the 'Maharaja', this would be the highest-ever amount garnered through privatisation, and is even more than the cumulative sum mopped up through strategic sales from 1999-00 to 2003-04. The government had in October last year inked the share purchase agreement with the Tata Group for sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
The Centre is likely to privatise profit-making enterprises, reversing its previous position of first closing or merging loss-making state-run units. The NITI Aayog, which is in the process of selecting public sector units for privatisation, is likely to put out its first list, focusing on companies in non-strategic sectors, along with those that have got Cabinet approval for stake sale, or are in final stage of due diligence. "The shortlisted firms will be put out in three-four tranches, with the first list comprising non-strategic ones, followed by strategic sectors with a focus on privatisation and not divestment," said a senior government official privy to the plan. He said the first report was expected in early April. The think tank approach is in sync with the government's new strategies on privatisation and asset monetisation.
Dara Singh, who passed away early this morning was cremated at Pawan Hans crematorium in Juhu, a western suburb in Mumbai.
Stormy weather in Tawang continued to hamper the search operations to trace the Pawan Hans helicopter with Arunachal Pradesh Chief Minister Dorjee Khandu on board that went missing on Saturday morning.
A Border Security Force helicopter with three persons on boards crashed on the outskirts of Ranchi on Wednesday.
Modi's 'UDAN' project faces fund crunch as too many airlines have come on board
Arunachal Pradesh Chief Minister Dorjee Khandu's chopper landed safely at Daporijo on Saturday afternoon, said a government spokesperson.The chopper had gone missing after it took off from Tawang at 9.45 am. The Air Force and the Army has launched search operations to locate the missing chopper.
The helicopter, which had taken off from Guwahati at 1315 hrs, crashed near the helipad on a hilltop in Tawang town falling from a height of 15 metre into the gorge, Pawan Hans sources said.
Sheetal Jain worked with Amitabh Bachchan for 40 years.
As many as 20 central public sector enterprises and their units are at various stages of strategic disinvestment, while six are being considered for closure or are under litigation, Minister of State for Finance Anurag Singh Thakur said on Monday.
Four army personnel were killed in a Dhruv helicopter crash in north Sikkim near the Sino-India border, days after a Pawan Hans chopper went down in the northeast claiming 17 lives.
The two pilots of a helicopter, which flew Rahul Gandhi in Uttar Pradesh on Monday, were on Wednesday given a virtual clean chit by the Directorate General of Civil Aviation, during a preliminary probe into the alleged violation of air safety rules that fuelled a controversy involving the Congress leader.The pilots of the state-run Pawan Hans Helicopters Limited, who appeared before the DGCA's Air Safety Wing in New Delhi, were cleared by a probe panel.
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
The helicopter, which crashed last September claiming the life of former Andhra Pradesh chief minister Y S Rajasekhara Reddy and four others, was "probably not airworthy", but this was not a contributing factor to the accident, an inquiry has found.
The Civil Aviation Ministry on Thursday night set up a four-member committee to probe the cause of Andhra Chief Minister Y S Rajasekhara Reddy's helicopter crash in which he was killed.
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
Sushant Singh Rajput was cremated in the presence of family and friends.
Fifty-nine per cent of reserved tickets on Indian Railways are now booked online.
Finance Minister Nirmala Sitharaman will present the much-awaited 2022-23 Union Budget on February 1. While there has been strong recovery in some sectors, touch services like hospitality, tourism and leisure continue to suffer after two Covid-19 waves. Household savings have been hit due to increased spending on health care. Consumption has still not reached pre-pandemic levels.
Veteran santoor player and music composer Pt Shiv Kumar Sharma died in Mumbai on Tuesday morning following a heart attack, family sources said. He was 84.
The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.
The Union Government will invest Rs 2000 crore (Rs 20 billion) for making Mumbai airport into a world class one, Union Civil Aviation Minister Syed Shahnawaz Hussain said in Mumbai. \n\n
There are about 400 unused airports and airstrips across the country.
Ahead of two crucial audits, the Ministry of Civil Aviation (MoCA) has proposed to allow deputy director generals (DGs) and officers of Indian Air Force (IAF) to apply for the post of chief of India's aviation regulator. The current head of the Directorate General of Civil Aviation (DGCA), Arun Kumar, has been promoted as secretary and is expected to move out some time soon. DGCA has four Deputy DGs with experience in different fields of aviation.
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