Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
The railways heritage lines that are part of the UNESCO-accorded sites list include Darjeeling Himalayan Railway, Nilgiri Mountain Railway, and Kalka Shimla Railway.
In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
Sidhu took to Twitter on Sunday, making public his resignation letter dated June 10 addressed to Congress 'president' Rahul Gandhi.
India has banned as many as 106 Chinese apps, including TikTok, a move welcomed by both the Trump administration and the US lawmakers.
Navjot Sidhu has been given power and new and renewable energy sources, and his tourism and cultural affairs portfolio has been given to Charanjit Singh Channi.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
Arun Jaitley will aim for jumps in other revenue streams for the government.
Pointing out some "anomalies and legal inconsistencies" in the Lokpal Act, the Central Bureau of Investigation has raised a question as to whether the entire probe agency will be divested of all powers if any of its officer was found guilty of corruption or tampering with evidence.
'The road ahead for the government's fiscal management will be full of many new challenges,' warns A K Bhattacharya.
The much-talked merger of the two state-owned telecom giants -- Mahanagar Telecom Nigam and Bharat Sanchar Nigam -- is understood to have been put on hold
The divestment department has proposed that public sector units involved in mining ores alone should qualify for 'natural asset' status while imposing additional norms concering employment of labour.\n\n\n\n
Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
The government will invite bids by next week from advisors for selling its 8.0 per cent stake in Maruti Udyog Ltd.
Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.
A petition has sought laying down of specific mechanisms to ensure transparency in the process of appointment of CBI director.
Just 5 departments account for about 88 per cent of the Union government's civilian employees. A leaner bureaucracy will help Modi keep his promise of maximum governance with minimum government, says A K Bhattacharya.
Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered double-digit rise
'The economy has to become the government's No. 1 priority, which it is not at the moment,' says T N Ninan.
Though the airline has kept a reserve price of Rs 315 crore for these properties, it hopes to make around Rs 500 crore from the sale.
After the April-July fiscal deficit data was released on August 31, several analysts hinted that the government may need to go for cuts in capital expenditure to meet the fiscal deficit target.
FinMin finally sacked executive directors K V Brahmaji Rao and Sanjiv Sharan on January 18. The bank's board, however, had felt they had no criminal intent and it was a case of 'casual oversight'
Notwithstanding Chief Minister Arvind Kejriwal's strong opposition, senior bureaucrat Dharam Pal remains Delhi's home secretary.
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
The department of investment and public asset management is scouting for investment bankers and legal advisors to carry forward the transactions.
In a first, Prime Minister Narendra Modi on Wednesday met the secretaries of all the government departments collectively and asked them to directly get in touch with him to resolve issues and expedite decision-making.
They said that massive public investment in infrastructure, social sectors and agriculture would generate employment and the Union Budget should give it a priority and allocate necessary funds for this.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
The apex court said that he won't be allowed to take any major policy decision till the high-powered committee considers the issue of "divestment of power and authority".
The government is selling its entire 100 per cent stake in Air India but wants effective control to stay with Indian nationals.
The FM should quietly get the oil companies to offload the shares in the market and pocket the gains
RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as they focus on shale oil production.
Delhi Chief Minister Arvind Kejriwal and Lt Governor Najeeb Jung on Tuesday took their bitter fight to President Pranab Mukherjee and accused each other of violating the Constitution and overstepping their respective jurisdictions.
The government has managed Rs 21,000 crore through stake sales and buybacks in the first six months, the highest-ever first half divestment revenue for any year by a good margin, raising expectations for the rest of FY17.
Corporates understand that the PMO drives all key decisions in this government.
