With India going ahead with airport privatisation, a top global aviation official warned on Thursday that the worldwide experience was marred with 'very grave risks' and a tough regulator was essential to ensure proper functioning of private airports
Move is aimed at bringing private operators to run airports.
Tata was speaking to reporters after he, along with Singapore Airlines CEO Goh Choon Phong and Tata-SIA Airlines Chairman Prasad Menon, met the minister.
Privatisation of old oil fields to raise output and reduce India's import dependence was advised by the Economic Survey.
The opposition parties on Sunday slammed the move to hire public servants through lateral entry, claiming it will snatch reservations from SCs, STs and OBCs, but the Bharatiya Janata Party hit back stating the National Democratic Alliance government was bringing transparency to this mode of recruitment started by the Congress-led United Progressive Alliance.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
The Central Bureau of Investigation (CBI) on Friday defended in the Supreme Court the arrest of Delhi Chief Minister Arvind Kejriwal, saying it was necessary as he chose to remain evasive and non-cooperative in his replies to questions about his role in the alleged excise policy scam.
'If the period between 1991 and 2014 was about laying the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off.'
'Just today a shopkeeper I went to was saying how bad business is. He must have been a BJP supporter.' 'He finally said, "It's a good thing there's an NDA government, not a BJP government, 'they' had become too big for their boots,".'
Finding fault in the working of the employment exchanges, now functioning as offices of state governments, the planning commission has pitched for privatising exchanges, a proposal that could face opposition from the Left.
Dayanadhi Maran, the new IT and telecommunications minister, also announced a 10-point agenda, including revamping the telecom policy, to reduce the cost to customers.
Private sector to their mind is primarily needed to pump in more capital.
Lifting restrictions on airing news and current affairs and permitting licensees to own multiple licences are among a host of issues Trai has put up in its first consultation paper on FM radio privatisation on Wednesday.
In a bid to generate funds for protecting and renovating neglected religious places, Rajasthan government on Monday said it would privatise temples.
'Those betting against PSUs will likely be punished in this upswing.'
Notwithstanding Civil Aviation Minister Praful Patel's announcement on FDI cap of 49 per cent for Mumbai and Delhi airport privatisation, the government it seems is planning to "rethink" the subject.
The government on Thursday ruled out the possibility of privatising postal services in the country.\n\n\n\n
BPCL is a high revenue-earning public-sector undertaking (PSU) and plans to privatise it are completely off the table, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday after assuming charge of the ministry for the second time. "Why would we divest ourselves of highly successful Maharatnas like BPCL," Puri said, arguing the Centre was not in favour of divesting its stake in oil PSUs.
The strong message from the prime minister is of continuity of policies he considers right with strong emphasis on execution, points out T N C Rajagopalan.
The Federation of Indian Chambers of Commerce and Industry (Ficci) president RV Kanoria calls for privatisation of Coal India Limited (CIL), the world's largest coal producer and India's public sector unit.
Environmental activist Vandana Siva said on Thursday that the recent decision of the Union Cabinet to liberalise the agriculture sector and deregulate prices would end up in privatising the country's water sector as water was the principal ingredient
In a bid to allay the apprehensions of the Left parties and the trade unions, Civil Aviation Minister Praful Patel on Monday said the Delhi and Mumbai airports were not being privatised
The government is expected to firm up, next week, its position on equity participation in two proposed companies for privatisation and modernisation of Delhi and Mumbai airports, official sources said on Friday.\n\n\n\n
'In the new coalition government, India's reform agenda may prioritise job creation and factor market reforms.'
To minise wasteful administrative costs, number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised/merged/brought under holding companies, she said.
The government has not taken any decision to privatise Air India, however, it was close to finalising a short-term strategy to strengthen the burgeoning civil aviation sector, including slashing taxes on jet fuel.
DRDO's failures over the decades have contributed significantly to India becoming the world's biggest weapons importer, points out Lieutenant General Prakash Katoch (retd).
The airports were refurbished at the cost of Rs 2,325 cr and Rs 2,015 cr respectively but there have been various complaints.
Fernandes wanted Coca-Cola Company to not just transfer 60 per cent of the shares of its Indian firm but also the formula for its concentrate to Indian shareholders.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
The critical task facing Indian banking is to quickly improve the risk-assessment capability of the state-owned banks, which account for three-quarters of all banking; and if that fails, then to privatise them.
Bihar Chief Minister Nitish Kumar on Wednesday welcomed Railway Minister Mamata Banerjee's announcement that there was no move to privatise the railway sector.
The government is likely to consider a proposal to privatise UTI Mutual Fund after the completion of the valuation and due diligence process, Union Finance Secretary S Narayan said on Tuesday.
