Divesment Minister Arun Shourie said on Tuesday he had apprised Prime Minister Atal Bihari Vajpayee about the Attorney General Soli Sorabjee's opinion on privatisation of HPCL, BPCL.
Attorney General Soli Sorabjee is likely to give by Friday his opinion on legal aspects of divestment of oil PSUs HPCL and BPCL, which were nationalised through Acts of Parliament.
Indian Oil Corporation is India's only Fortune 500 company.
Arun Shourie, Union Minister for Divestment, said that the next meeting of the Cabinet Committee on Divestment would discuss the sell-off modalities of HPCL and BPCL.
Bowing to pressure from the opposition, Divestment Minister Arun Shourie on Tuesday assured the Rajya Sabha that he would seek an opinion from Attorney General Soli Sorabjee on the legality of the sell-off of HPCL and BPCL.
In an apparent bid to resolve the row over divestment in public sector units including the one involving HPCL and BPCL, Prime Minister Atal Bihari Vajpayee held an informal meeting of senior Cabinet ministers.\n\n
Bharat Sanchar Nigam Ltd has decided to expand mobile telephony network in Jammu and Kashmir by 100,000 more connections to meet the growing demand.
Communication minister Arun Shourie on Monday apprised Prime Minister Atal Bihari Vajpayee of latest developments in the telecom sector including tariff revision, the issue which rocked the Parliament last week.
Under pressure from various political parties including key members of the NDA coalition, demanding roll-back in telecom tariff, Communications Minister Arun Shourie said on Friday the matter was for the prime minister to decide.
The government has launched 'Make In India' initiative.
Film financer Bharat K Shah has challenged the framing of murder charges against him saying there was no evidence to link him to any conspiracy by the underworld to murder film personalities.
The government will complete the sale of cash-rich oil refiners Hindustan Petroleum Corporation and Bharat Petroleum Corporation in six to eight months, Divestment Minister Arun Shourie said on Wednesday.
Sources said valuation of all these assets was an ongoing process, and the mode and manner of disposal would be decided on a case-by-case basis
Bill & Melinda Gates Foundation (BMGF) has offered to help in monitoring of the progress made with regard to Pradhan Mantri Jan Dhan Yojana (PMJDY), the flagship financial inclusion scheme of the government.
Disinvestment Minister Arun Shourie said Tuesday the SEBI has initiated an investigation into the fall of share prices of BPCL and HPCL.
A look at the star arrivals.
Divestment Minister Arun Shourie will soon make a statement on stake sales in two state-run oil firms following a consensus reached on the issue by a group of top ministers.
'Fiscal purists would quarrel with the idea of selling assets to pay for current expenditure -- such as the payout to farmers and the health insurance programme -- for the obvious reason that the process cannot go on forever.' 'At some point, the list of assets available for sale will run out,' notes T N Ninan.consultations -- something already aired in connection with the lease of airports to the Adani group, says T N Ninan.
The government is likely to finalise by the third week of this month, the advisor for divestments of Bharat Petroleum Corporation Ltd for which over half a dozen merchant bankers are in the race.\n\n\n\n
Sun TV had approached the Home Ministry for security clearance.
Mohammed Azharuddeen slammed a 37-ball century to power Kerala to an emphatic eight-wicket victory against Mumbai in the Syed Mushtaq Ali Trophy T20 match at the Wankhede Stadium, in Mumbai, on Wednesday.
Oil major ONGC is believed to have been kept out of the bidding process for the two oil PSUs.
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.
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 meeting was about capex, and as the country is on the growth path, the companies were advised to increase capex, NLC India Chairman and Managing Director S K Acharya said after the meeting.
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 2014 Australia tour and the brand of cricket played by the team laid a great foundation of the brilliant run of success enjoyed across all formats and conditions.' 'It also coincided with Virat Kohli enjoying the responsibilities of leading the team and then putting his heart and soul into taking the Indian team to ascend many unconquered summits.'
Malaysian budget airline AirAsia moved a step closer to securing permission to launch operations in India, with Civil Aviation Minister Ajit Singh on Monday saying that all issues concerning the carrier's application have been resolved.
Senior cricketers Yuvraj Singh, Gautam Gambhir and Suresh Raina will lead India Red, India Blue and India Green teams respectively in the Duleep Trophy to be played at Greater Noida International Cricket Stadium from August 23 to September 14. The four-day tournament will be played for the first time with pink ball and under lights.
'Before Shastri's induction, things were sketchy and it was not known who was responsible for taking cricketing decisions around the team. The selectors chose a squad of players, the captain ran the show on the field and the coaches helped draft plans, or sort of tried to. There needed to be one man who could coordinate all elements around the squad -- someone who had the backing of the Board, the respect of the players and that of the support staff.'
Chidambaram said he was honoured that the two leaders visited him.
The reasons for India's poor show in England lie between a very demanding captain, a very smug coach and inadequate coaching staff, says Sudhir Bisht.
The EPFO pays rate of return to its subscribers on the basis of returns it generates from its investments.
'He (Modi) has spoken of being a prime minister for all Indians but he...presides over and has mostly been silent in the face of widespread communal violence, mob lynching and cow vigilantism'
The government is bullish on Coal India and ONGC's stake sale programme which are to be held soon.
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