The Union Cabinet has cleared disinvestment of the country's largest insurer LIC and a panel headed by the finance minister will now decide on the quantum of stake dilution, a senior official said on Monday. The Department of Investment and Public Asset Management (DIPAM) had in January appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the IPO (initial public offering), which is touted to be the biggest public issue in Indian corporate history. The Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insurer. Under the embedded value method, the insurance company's present value of future profit is also included in its present net asset value.
During their telephonic conversation, President Putin briefed Prime Minister Modi about the recent developments regarding Ukraine, the Prime Minister's Office said in a statement.
Late last year, the Cabinet Committee on Security had cleared the proposal for the creation of the post.
The Cabinet, which met in Jammu under the chairmanship of chief minister Omar Abdullah on Thursday evening, approved the recommendations of the Cabinet Sub Committee on implementation of the 6th Pay Commission, including one that there shall be no lock-in period for withdrawal of arrears deposited to the GP Fund.
Some videos of the incident surfaced on social media showing the fire with intermittent explosions taking place at the site and people running to save themselves.
Hectic preparations are underway for the session with several first-time measures because of the COVID-19 pandemic such as testing of all MPs, staggered sitting of Lok Sabha and Rajya Sabha and use of both chambers and galleries to accommodate members while following physical distancing norms, officials said.
While the party announced 144 party candidates for Madhya Pradesh elections, it announced 30 candidates for the Chhattisgarh polls and another 55 for Telangana assembly polls slated next month.
The Congress on Wednesday hit out at the government over the women's reservation bill, saying the only appropriate description of what Prime Minister Narendra Modi has done with the matter is "it is a post-dated cheque drawn on a failing bank".
He is among several leaders of Indian heritage who have ascended to the highest echelon of public service globally.
Britain's longest serving Indian-origin Labour MP Keith Vaz on Tuesday resigned from his post as chair of the influential House of Commons Home Affairs Select Committee in the wake of being embroiled in a sex scandal.
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.
The Union Cabinet on Monday cleared the proposal to set up Cabinet Committee on Investment under the Chairmanship of Prime Minister Manmohan Singh to accord expeditious approval to projects of over Rs 1,000 crore (Rs 10 billion).
It will be inducted into the IAF inventory at a ceremony in Jodhpur in presence of Defence Minister Rajnath Singh and chief of air staff Air Chief Marshal VR Chaudhari.
The high court said he was a very powerful and influential person within the power corridors of the Delhi government as he had the responsibility of 18 portfolios in the city dispensation.
A bench of justices Sanjiv Khanna, Dipankar Datta and Augustine George Masih told the petitioners, who pointed out that a meeting for the selection of ECs was pre-poned, to file a separate application pointing out the fact.
A formal decision is expected to be announced next week after the meeting of the Union Cabinet.
The political crisis arose in Himachal Pradesh during the recently held polling for the Rajya Sabha elections as nine MLAs, including six Congress rebels and three independents, voted in favour of BJP candidate Harsh Mahajan.
The ministry is preparing a draft note for consideration of the CCPA on pricing of diesel, kerosene and LPG, official sources said.
Gujjars in Rajasthan had demanded to be shifted to the ST category from the Other Backward Caste category.
The chief minister also said that the Janata Dal-Secular-Congress coalition government is secure under the leadership of senior Congress leader and former chief minister Siddaramaiah.
The Union Cabinet on Thursday approved the implementation of the national policy on biofuels.
Opposition parties alleged that the PM's address was a violation of the Model Code of Conduct.
Several amendments to the long-awaited Competition Bill, proposed by the parliamentary committee including more powers to the proposed Competition Commission, was cleared by the Union Cabinet.\n\n\n\n\n\n\n\n\n\n
The industry ministry has circulated a draft Cabinet note for allowing foreign direct investment in multi-brand retail, a move which will allay industry's concern over policy paralysis.
The BJP is far more prepared than the Congress as their pool of prospective candidates is much bigger, reports Prakash Bhandari.
The agreement is aimed at expanding economic cooperation and facilitate people-to-people contact between the two countries, Parliamentary Affairs Minister P R Dasmunsi told reporters.
Sharmishtha, who has quit politics, also clarified that she has not tried to tweak her father's views about anyone.
Maharashtra cabinet minister Chhagan Bhujbal has demanded a stay on the Kunbi caste certificates issued to Marathas following their latest agitation for reservation and scrapping of the Justice (retired) Sandeep Shinde committee formed over the quota issue.
Disbursement of compensation to the victims of the anti-Sikh riots would take place once the committee reports were approved by the Cabinet.
The Congress is all set to kickstart its campaign for the next year's Lok Sabha elections with its mega rally 'Hain Tayyar Hum' to be held in Maharashtra's Nagpur city on Thursday, the party's 139th foundation day.
The revised plan for controversial National Counter-Terrorism Centre has been recalled from the Cabinet Secretariat after Sushilkumar Shinde took charge as home minister for a thorough review by him.
A panel headed by RBI Governor selects PSU bank chiefs.
The Prime Minister's Office has clarified that the total sanctioned strength of the PMO has been around 525 in the period 2011-14. As against this, the actual strength of the PMO in the years 2011, 2012 and 2013 was in the range of 407 to 411. The number has now declined to 385.
'Chavan's political clout began declining since his Lok Sabha defeat in 2019.'
Naveen Patnaik is known as an "absentee landlord" who needs bureaucrats like Pandian to run his government.
The Cabinet Committee on Parliament Affairs has recommended that the winter session of the Parliament be held from November 29 to December 23, sources said on Monday.
Cabinet Secretary Ajit Seth, who is due to retire on June 14, was on Monday given a six-month extension in service, the second time he has got it in the top bureaucratic post.
Was C M Ibrahim's Rediff Interview the last straw for Deve Gowda?
'The State does not accept our rights, what more can I say about this judgment?'
The GST, an indirect tax regime, is to be rolled out from April 2016.
