The government cleared the proposal despite opposition from the petroleum ministry, which says this is not the right time for divestment as the sector is moving from trade parity to export parity pricing.
The project will be rolled out by government-owned company ITI within three years, they said, adding that the contract for its implementation was signed with the telecom entity on Thursday.
The Text of the 123 Agreement was approved in a joint meeting of the Cabinet Committee on Political Affairs and the Cabinet Committee on Security.
Finance Minister Nirmala Sitharaman on Tuesday said the government is working out a new Bill on cryptocurrency which will be placed in the ongoing session of Parliament after approval of the Union Cabinet. The ongoing winter session is scheduled to end on December 23. Replying to a series of questions in the Rajya Sabha, she said the new Bill takes into account the rapidly changing dimensions in virtual currency space, and incorporate features of the earlier Bill that could not be taken up.
Sixteen aircraft will be delivered in a flyaway condition by the Airbus Defence and Space of Spain within 48 months of signing the contract while the remaining 40 planes will be manufactured in India, according to the defence ministry.
The decision on Rahul Gandhi's appointment as the Leader of Opposition was made after a meeting of the floor leaders of the INDIA bloc at Congress chief Mallikarjun Kharge's residence.
'If the government sincerely addressed the issue of missing persons, it would alleviate 80% of the grievances in Balochistan.' 'No matter how many development projects Islamabad announces for the region, the people will remain upset as long as their loved ones are missing.'
With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the divestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections.
India's tactical and operational response demonstrated its ability to prosecute tri-service operations, even without a formal tri-service doctrine or the higher command structure needed to coordinate it, points out Ajai Shukla.
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
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.
Being made a member of the Cabinet Committee on Political Affairs makes her an important player in BJP politics, observes Rashme Sehgal.
Opposition parties alleged that the PM's address was a violation of the Model Code of Conduct.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
The government will launch the mega public offer of LIC by March and file draft papers with market regulator Sebi by the end of this month, an official said. Finance Minister Nirmala Sitharaman had last week reviewed the progress of the initial public offering (IPO) of Life Insurance Corporation (LIC) in a meeting with top officials of the ministry. The official said the September 2021 quarter financials of LIC are getting finalised as well as fund bifurcation is in progress.
Pakistan Prime Minister Imran Khan on Friday launched the country's first-ever national security policy, which articulates a citizen-centric framework, placing economic security at its core unlike the previous one-dimensional security policy where the focus was on the military.
With an eye on beefing up maritime security, India is negotiating a deal with 24 countries for exchange of neutral merchant shipping data as it rolls out a national hub to tackle all aspects of coastal security to prevent another 26/11-like attack.
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.
Here is an explainer on the functioning of the seven-year-old body.
Zoram People's Movement (ZPM) leader Lalduhoma was sworn in as the chief minister of Mizoram on Friday.
The defence minister has to correct a major asymmetry. Will his discipline come in the way?
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.
People aware of the development said, Law Secretary Niten Chandra, Legislative Secretary Reeta Vasishta and others met Kovind this afternoon to understand how he would like to go about the agenda before the committee.
The home ministry will approach the Cabinet Committee on Security after July 19 Presidential poll for approval of the revised plan for National Counterterrorism Center which will be taken out from the ambit of the Intelligence Bureau and conduct operations only when there is an urgency.
Prime Minister Modi felt there were too many silos with no arrangement to take a comprehensive view on national security. The PM has entrusted NSA Ajit Doval to evolve a comprehensive roadmap and get it implemented, reveals Nitin Gokhale, Editor-in-Chief, Strategic News International.
China also removed Finance Minister Liu Kun and appointed Lan Fo'an in his place. Liu is the third senior Cabinet minister to be replaced without any explanation.
It is our job to ensure security, law and order in the state, Shinde said.
A high-level meeting will be convened soon to decide on probing the India operations of Chinese Telecom companies -- 'Huawei' and 'ZTE' -- against the backdrop of the US calling the two firms a threat to American national security.
The committee has been constituted under the chairmanship of the Commissioner of Security (Civil Aviation) to prepare aviation security manual on handling aircraft hijack situation.
The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Other selected bankers include SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd, a circular on the divestment department website said. "Government has finalised the book running lead managers and some other advisors for the IPO of LIC," DIPAM Secretary Tuhin Kanta Pandey tweeted. The divestment department had invited applications for the appointment of merchant bankers on July 15.
The Union Cabinet on Thursday approved the Unorganized Sector Workers' Social Security Bill, 2008, incorporating one of the key recommendations of the paliamentary standing committee -- making social security a legislated right.
"Had corona (COVID-19) not been there, the prime minister would have dedicated NATGRID to the country. I am hopeful that the prime minister will dedicate NATGRID to the country in some time," Union home minister Amit Shah said during the 51st Foundation Day event of the Bureau of Police Research and Development (BPRD) here on September 4.
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.
A large number of women from Malom in Imphal West district blocked the road to the airport in protest against the killing of the policemen in Moreh.
The government is likely to announce the names of interlocutors to begin the process of dialogue with all sections of people in Jammu and Kashmir on Thursday and the chairman of the group will enjoy the rank of a Union Cabinet Minister.
According to the sources, there are limited prospects of J&J exporting its vaccine from the US to other countries in the near future and the "entire production" at the BE facilities in India, beginning July/August, will be handed over to the pharma giant under a contract between the companies.
He is among several leaders of Indian heritage who have ascended to the highest echelon of public service globally.
Prime Minister Dr Manmohan Singh will convene a crucial Cabinet meeting to discuss the "limited mandate" given to the home ministry to deal with the Naxal violence.
Additionally, the Haryana police and home guard personnel will be deployed for security during the elections, he said.
