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.
'They want us to win in every match, like in cricket.' 'It's so tough to play every tournament and win.'
'N Chandra told me, "Arree yaar, don't get heavy on me now! This is a Hindi movie so leave your logic at home".'
India's Lakshya Sen secured his maiden Super 500 title by winning the Yonex-Sunrise India Open with a stunning straight-game victory over reigning world champion Loh Kean Yew of Singapore in the men's singles final in New Delhi on Sunday.
With the disruption caused by the second wave of Covid-19 pandemic, the 'fear of unknown' is looming over the government's privatisation drive. Although there is a lot of uncertainty and unpredictability on how things will unfold, the government is hopeful of completing the transactions listed in the Budget with a delay of one to two months, said a top government official. However, "there are many unknown factors now, and we do not know whether there could be a third wave. But we are trying to carry on with our work", the official said." Since there is a lot of uncertainty, the estimates will have to be revised as rating agencies are revising their outlook for growth.
Pandit Jasraj's son, Shaarang Dev Pandit, performed the last rites, which were followed by a 21-gun salute at Vile Parle's Pawan Hans Crematorium.
Wang Junzheng, Tibet's new Communist party boss, is on a number of sanctions lists by the US, Britain, the EU and Canada, for his tough role in Xinjiang, aimed at China's Uyghur ethnic minority, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
Singer-composer Bappi Lahiri, who popularised disco music in India in the 1980s and 1990s, has died following multiple health issues. He was 69.
'Galwan has turned everything.' 'The casualties on both sides alerted the Chinese to the fact that Indians are not going to take it lying down.'
Care comes from a place of 'What is good for my child's development?' Care is a long-term view of the child's flourishing in life. Care is a sacred activity and it begins at home.
The United States has asserted that it stands with India against Chinese aggression as several lawmakers slammed China for choosing a People's Liberation Army soldier.
There were four instances of two Indian sailors qualifying for the Olympics earlier but they took part in the same event. This time in Tokyo, India will be taking part in more than one event in sailing.
Former World champion P V Sindhu needed 36 minutes to get the better of the 21-year-old Chaliha 21-7, 21-18 and set up a last-four meeting with Thailand's Supanida Katethong.
A Chinese national apprehended while trying to cross the India-Bangladesh border illegally has told the investigators that he and his associates have smuggled as many as 1,300 Indian SIM cards into their country by hiding them in undergarments, the BSF said.
In an Instagram video, Sameera Reddy shows you how to clean your hands to protect yourself against COVID-19. Take a look!
Prominent among these include former sports minister and sitting MLA Gurmit Singh Sodhi, MLA Fatehjang Singh Bajwa and former minister Anil Joshi.
Ramkumar-Balaji win Cassis Challenger title.
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.
Wang Yang and Xi Jinping's visits signal the beginning of a major Chinese push to bring about a transformation of Tibet, observes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
It may be a school day but Bollywood's kids are still on vacation.
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.
The 79th Annual Golden Globe awards have been announced. A quick look at the winners.
'Now, no one can stop me from making music till the day I die.'
The first priority for the new Tibetan administration in Dharamsala should be to look at Tibetan recruitment in the PLA, suggests Claude Arpi.
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.
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.
Two of Apple Inc's global vendors -- Wistron and Foxconn (through Han Hoi), which already manufacture Apple phones in India -- and a third entity, Pegatron, which will be setting up a new plant, have applied to the government to be eligible under the PLI scheme for large-scale electronics manufacturers.
'Don't dwell on what you are not and what you don't have! Let's focus on the good we are all #imperfectlyperfect'.
A popular Chinese blogger, detained earlier this year for his comments regarding military casualties of Galwan valley clash with India, has been sentenced to eight months in prison.
By jettisoning the vision of multilateral world in favour of a Han Empire, China has posed a major long term challenge to India. India must stand firm against Chinese expansionism but also keep a door open for future detente by making a clear distinction between Chinese people and the current Chinese leadership, observe Lieutenant General Ashok Joshi (Retd) and Colonel Anil Athale (Retd).
Himachal Pradesh Speaker Vipin Parmar has lodged a first information report against the five Congress MLAs suspended from the state assembly for the entire Budget session after they allegedly manhandled Governor Bandaru Dattatraya.
Menu included selection of traditional appetizers, double boiled bean curd soup, stewed porcini, pancake with vegetable.
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".
On Wednesday, Commonwealth Games bronze medallists Ashwini Ponnappa and N Sikki Reddy, seeded eighth, scraped past the Denmark duo of Amalie Magelund and Freja Ravn 21-9, 17-21, 21-19 in the women's doubles.
The FIFA 2022 World Cup will kick-off in Qatar on Sunday, November 20. Here is a list of the 26-man squads playing in the quadrennial global football extravaganza.
A round-up of Wednesday's action in the UEFA Champions League.
All top ten candidates belong to the BJP.
Vinod Dua was a Hindi broadcast journalism pioneer with stints in Doordarshan and NDTV.
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.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances