Divestment Minister Arun Shourie said on Tuesday his ministry would push for a meeting of the Cabinet panel of privatisation before February 17, the day the Budget session of Parliament is scheduled to begin.
This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.
The landslide victory of Indias ruling Bharatiya Janata Party in a crucial state poll in Gujarat will help the federal coalition government boost its economic reforms agenda and speed up its privatisation drive.
The Indian government does not plan to privatise state-run telecom firms Mahanagar Telephone Nigam Ltd and Bharat Sanchar Nigam Ltd before 2004.
The McKinsey report said faster employment growth at 12 million non-farm jobs annually is needed in the post-Covid period till 2029-30, up from just four million created each year between 2012 and 2018.
A global water report promotes privatisation narrative which could be disastrous for India and the world, says Gopal Krishna.
... if high oil prices persist or stock prices correct sharply.
GMR Infrastructure is part of a consortium led by Philippines-based construction company Megawide Construction which submitted a bid of 14.4 billion Philippine pesos or around $326 million.
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
The Cabinet Committee on Divestment is likely to meet on Sunday to consider various issues relating to the privatisation of HPCL and BPCL, following a favourable opinion given by Attorney General Soli Sorabjee.
Concern was expressed in the Lok Sabha over continuation of strike by Air India pilots, with Opposition members targeting Civil Aviation Minister Ajit Singh for his statements outside Parliament indicating privatisation of the national carrier.
Divestment Minister Arun Shourie said on Tuesday that his ministry had furnished all the facts to Attorney General for getting his opinion on the legal aspects of privatising public sector oil company, Hindustan Petroleum Corporation.
Attorney-General Soli Sorabjee's response on the privatisation of Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd is likely to be known later this week.
Sources in the know said the government would initiate talks with businesses, including Tatas, shortly for divesting its stake in the national carrier.
Vice-Chairman Arvind Panagariya said that India is facing a health crisis that has led to a sudden stop of the economy.
The government plans to raise resources to finance capital spending beyond the Rs 3.10 lakh crore budgeted for 2017-18 through higher borrowing or divestment receipts.
"For an airline, the most important asset are the pilots. They are a mature lot who understand that strikes will not help anyone, that planes have to fly; only then will the money come."
In his short speeches at various places, Gandhi assailed Modi over demonetisation and a host of other issues.
The Congress's plight, self-inflicted and terrible as it, should give very little consolation to the Bharatiya Janata Party which is itself in bad shape, says Praful Bidwai
The government is selling a 51 per cent stake in Shipping Corporation as part of its privatisation programme, from which it plans to raise Rs 12,000 crore in the year to March 2003.\n\n\n\n
AirAsia has come under scrutiny since June when GMT Research issued a critical report questioning its accounts.
Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.
The land acquisition, the consolidation process in Kot and a slew of other decisions by the Haryana government to open the hills to privatisation and commercial activity run contrary to court orders, environmentalists' demand, and at times the Union government's measures to protect the Aravalli hills, say Nitin Sethi & Kumar Sambhav Shrivastava.
India plans to complete by 2006 a 180,000-bpd refinery, which has been under a cloud because of the proposed privatisation of the company that is building it, Oil Minister Ram Naik
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
'BPCL has always been spoken about as a multinational company though it is State-run... this sets our work culture also apart.'
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
Ironically, on the 20th anniversary of the event, the sleaze associated with neoliberalism, with all its cronyism, criminality and plunder of public wealth, is on full display.
The unions have also threatened to explore an indefinite strike option, if their demands were not addressed.
You cannot have a corporate tax and then say spend another two per cent.
The state-owned airport authority is conducting a techno-feasibility study.
Banerjee supported 'Nyay' (poverty alleviation scheme of Congress) and people of India rejected his ideology, the BJP leader said.
The Greek debt crisis may turn out to be a much larger version of Argentina's economic crisis a decade ago.
'It is almost certainly wrong in assuming that the Modi government will use its strong mandate to undertake some serious reform measures.' 'For it is fairly clear that the government's priorities lie elsewhere, in the powerful home minister's domain,' notes T N Ninan.
