The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.
Prasad asked private operators to play a role in skill development.
With stake sales to begin in some PSUs & banks, Jaitley and team to trot the globe to get more foreign investors.
India will export its first warship later this month, a move that is seen as a big leap for the country's defence public sector units.
Sitharaman said the government wants to sell stake in public sector companies at a time when it fetches the right price.
In the new policy, which is likely to be called the Gas Linkage Policy, the government is mulling the option of giving preference in allotment to greenfield (new) power projects over brownfield (expansion).
India has declared 2025 as the year of defence reforms, aiming to establish integrated theatre commands to enhance synergy among the three armed forces and transform the military into a technologically-advanced combat-ready force. The reforms will also focus on streamlining acquisition procedures, promoting collaboration, and leveraging emerging technologies like artificial intelligence and robotics.
The MoUs are signed between the Central Public Sector Enterprises and the administrative ministries/departments.
As per the well-established system, all the 249 public sector units are to sign a memorandum of understanding with their administrative ministries, setting the performance targets which are reviewed at the end of the fiscal year.
India SME Forum, an organisation for small and medium businesses, has called for creating a dedicated fund of Rs 5000 crore for the export capacity development, promotion, and marketing of Micro, Small & Medium Enterprises (MSMEs) in its Budget recommendation. The forum for MSMEs with over 98,000 members said that to enhance India's global competitiveness and increase its market share in global exports, it was "crucial to increase the number of active exporters and enable at least 3-4 lakh first-time micro, small, and medium exporters while supporting them in promoting Indian products globally."
The government is expected to infuse Rs 200 crore (Rs 2 billion) into Scooters India shortly as the Cabinet approval is there in place for revival, said O P Rawat, Secretary, Department of Public Enterprises.
The government said on Thursday that it had warned the defence services, financial institutions, public sector units, Internet service providers and prominent private sector organisations of a possible cyber attack by Pakistani hacker groups.
While the government stifled PSUs' operational autonomy, competition from the private sector hit their market share.
A Rs 40,000-crore (Rs 400-billion) shortfall in the Budget for 2011-12 is looming large and the market doesn't appear stable enough to absorb even a fraction of it.
Measures announced in the past such as an export ban on onions, pulses, edible oil and non-basmati rice will continue. Restriction on the export of more commodities would be imposed, if required.
'They are trying to make the situation bad for Indian Railways so that they can hand it over to private companies.'
An investment banker handling the PSU issues said, "When employees pick application forms, these typically have stamps of brokers. But there was no clarity who will bear the cost. Now with this provision, government will pay 25 bps. It is lesser than retail because there is often no marketing effort from the broker, as a lot of it is done by the company itself."
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 government on Wednesday said it will raise Rs 72,500 crore through disinvestment of PSUs, including listing of three railway PSUs IRCTC, IRFC and IRCON, and proposed merger and consolidation to create globally competitive public sector units.
Ahead of Trump's inauguration here on January 20, the debate on foreign guest workers visas for highly skilled professionals, the H-1B, has intensified which has literally created divisions in both the Democratic and the Republican parties.
The unions, CITU, AITUC, BMS, INTUC, HMC, AUITUC, TUCC, AICCTU and UTUC demanded that the government stop disinvestment of public sector units and bring in a lagislation to protect workers of unorganised sector.
The dull overall scenario in the stock market seems to have hit the initial public offers (IPOs). In a first this year, there are no IPOs lined up for this month.
The National Informatics Centre uses AI to automate document analysis and detect fraud in government departments.
'If you compare the data from 2017 and 2023 of the US imports from the world and China, you will see that the US was a complete loser in the trade war, and China was a complete gainer.'
The government said on Friday it is considering offloading 10 per cent of its equity stake in navratna public sector unit Bharat Heavy electricals Limited.
Finance Ministry is planning to dilute its stake in seven or eight government companies.
A couple of options are on the table, from buyback, cross-holding, selective public offers of only big companies to residual stake in companies with minority government ownership.
'The semiconductor supply is constantly improving, with visible green-shoots in the situation as compared to earlier part of last year'
Owing to the risk perception attached with the segment by banks, the residential realty segment has been increasingly relying on non-banking financial companies and housing finance companies to raise debt financing, reports Abhijit Lele.
The government on Tuesday provided enhanced financial autonomy to two public sector units -- Bridge and Roof Company and Bharat Pumps and Compressors -- by granting them the 'mini-ratna' status.
Punjab Police thwarted farmers' attempt to go to Chandigarh on the Samyukta Kisan Morcha's call for a week-long dharna beginning Wednesday, as multiple checkpoints were set up across the state and security stepped up at all entry points of the Union Territory.
The chairman of the committee on public undertakings, V Kishore Chandra Deo, said in a letter to Lok Sabha Speaker Meira Kumar that despite categorical instructions, Goyal did not attend the meeting, sources said.
'A government whose policies are focused around making the life of ordinary citizens, specially the most deprived sections, richer; a government that prioritises education, health and transport, that doesn't treat its citizens as subjects who must come to it for everything, is rare in our country.' 'When such a government is thrown out, one is left stunned,' notes Jyoti Punwani.
The government has now made it "practically impossible" for political appointees to find a place on the boards of the public sector units (PSUs) as independent directors (IDs), a top official said.
FDI rules announced last year changed the criteria of calculating these investments and included American depository receipts, global depository receipts and convertible shares also in that category.
Prayagraj is transforming into a massive temporary city to host the Maha Kumbh, the world's largest religious gathering, expected to draw over 40 crore pilgrims. The preparations include extensive infrastructure development, including 160,000 tents, 150,000 toilets, and a 1,250-km pipeline network. The event, starting on January 13, will culminate on February 26, bringing together millions of devotees for the holy dip at the confluence of the Ganga, Yamuna, and Saraswati rivers.
As part of the "Atmanirbhar Bharat" (self-reliant India) package, the central government had announced on May 16 last year that it would improve autonomy, accountability and efficiency in ordnance supplies by corporatisation of the OFB.
If the DMK is able to sustain the momentum until the assembly polls, the AIADMK especially and the PMK and possibly the infant TVK too would find it hard to sign up with the BJP, explains N Sathiya Moorthy.
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, on Tuesday gave a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders. In the Union Budget presented last week, Finance Minister Nirmala Sitharaman announced the privatisation of two Public Sector Banks (PSBs) as part of its disinvestment plan. The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years.
