PRIVATISATION
Kanchenjunga Express train mishap: Govt doing nothing; wants to privatise Railway, TMC’s Firhad Hakim slams NDA govt
Sealdah (Kolkata): Mayor and Kolkata Minister Firhad Hakim on June 18 expressed grief over the Kanchenjunga Express train accident in West Bengal and informed that West Bengal govt has set up a help desk and all the ministers and secr...
Airport privatisation: Govt finalises 25 airports for 2nd phase; aims Rs 10,000 cr as upfront payment
Aviation Ministry finalises 25 airports for 2nd phase of airport privatisation. Chennai, Kolkata, Varanasi among the names. Govt hopes to receive Rs 10,000 cr as upfront payment.Airport privatisation: Govt finalises 25 airports for 2nd phase; aims R...
Air India also has 370 options, purchase rights from Airbus, Boeing
Apart from the purchase of 470 firm aircraft, Air India has also has 370 options and purchase rights to be procured from Airbus and Boeing over the next decade. Terming the order as a "landmark moment" in the Indian aviation history, Air India's Chief Commercial and Transformation O...
Ashwini Vaishnaw at CII Global Economic Policy Summit: 'Railways will not be privatised'
While addressing the second edition of Confederation of Indian Industry (CII) Global Economic Policy Summit on December 08, Railways Minister Ashwini Vaishnaw said that the government has taken decision that railways will not be privatised. “Regarding the privat...
Watch: Jyotiraditya Scindia blasts Opposition for questioning Air India’s privatisation
On Wednesday, Civil Aviation Minister Jyotiraditya Scindia hit back and accused the UPA regime of saddling the national carrier with a huge debt burden. Scindia listed the merger of Air India and Indian Airlines, purchase of 111 new aircraft and liberalisation of...
Disinvestment is a complex process, especially when handing over management control: DIPAM Secy
What North Block top officials today clarified is that privatisation is very much on track. Disinvestment is an ongoing scheme, it is not something new, Tuhin Kanta Pandey, secretary of the department of investment and public asset management, said during...
Budget 2023: What does it mean for DFC, bullet trains and privatisation of Railways?
Railway is one of the core pillars of various infrastructure initiatives in India. Last year’s budget allocation for railways was Rs 1.4 lakh crore. Budget 2023 will also be important for Indian Railways with a host of initiatives on the horizon. Abhaya k Agarwal of
Explained: Maharaja returns to Tatas; what it means for the automobile to aviation conglomerate
The Tata Group will take over state-owned Air India, marking a successful end to the government's bid to privatise the national carrier after failing to sell a majority stake in it in 2018. ET's Mihir Mishra deconstructs the deal and tells us what it mean
Govt unveils 100-day plan for civil aviation sector; announces new MRO policy
The government on Thursday announced a new policy for Maintenance, Repair and Overhaul (MRO) activities. Civil Aviation Minister Jyotiraditya Scindia said the aim is to make India a global hub for MRO. Discussions are also going on for convergence between civil and militar
PIB fact-checks Rahul Gandhi's tweet on privatisation of Railways, says 'false claim'
Congress MP Rahul Gandhi shares a video on privatisation of Railways, including different trains and other related properties. PIB fact-checks the Congress MP on his claim.PIB fact-checks Rahul Gandhi's tweet on privatisation of Railways, says 'false claim'
Rail Minister Ashwini Vaishnaw rules out any privatisation of Indian Railways
There is no plan to privatise Indian Railways as it belongs to the Government of India, said Railway Minister Ashwini Vaishnaw in Lok Sabha after some members expressed concern over it on Wednesday. The railway minister told the house that Union Minister Piyush Goyal has a
ET Corporate Excellence Awards 2021: Interest rate hikes won't hurt infra investments, says FM Nirmala Sitharaman
From Russian oil imports to cryptocurrencies and privatisation of PSUs, FM Nirmala Sitharaman shared some interesting views at the ET Corporate Excellence Awards 2021. Here's the full interview of Finance Minister with Bodhisatva Ganguli
ET Awards 2021: 'You keep asking, and we will keep doing', says FM Nirmala Sitharaman on privatisation
At ET Awards for Corporate Excellence 2021, Finance Minister Nirmala Sitharaman talked about the GST rate rationalisation for fuel prices and the government's privatisation initiative. WatchET Awards 2021: 'You keep asking, and we will keep doing',
Rakesh Tikait now calls for nationwide movement against privatisation of banks
Rakesh Tikait, the face of the farm struggle is now protesting against the privatisation of banks that was announced by Finance Minister Nirmala Sitharaman in her budget speech. This comes after the three farm laws were repealed and the Centre agreed to set up a committee
Air India must be privatised or it will close down: Hardeep Singh Puri
Union Civil Aviation Minister Hardeep Singh Puri stated that the National carrier Air India must be privatised or it will close down. Puri said, "Confident that Air India will be given to new owner; the choice is between privatisation or closing down."Air India must be privatised
94,000 passengers travelled through domestic flights on Aug 17, will reach pre-COVID levels by Dec 2020: Puri
The Ministry of Civil Aviation will place a proposal for "further" privatisation of airports before the Union Cabinet on Wednesday, Minister Hardeep Singh Puri said. Around 94,000 passengers travelled through domestic flights on Monday, Puri
Banks privatisation: Suspended RS MPs protest in solidarity with national strike of bank employees
Suspended Rajya Sabha MPs along with other MPs protested outside the Parliament premises on December 17 against privatisation and merger plans of public sector banks. MPs were protesting in solidarity with the national strike of bank employees.Banks pr
'Govt has no business to be in business': PM Modi bats for privatisation
The government has "no business" to be in business, Prime Minister Narendra Modi said on Wednesday in a clear push for disinvestment and privatization of public sector undertakings (PSUs). The PM made the remarks during a webinar on privatisation by the Department of Investment
High-level growth will drive job creation: Amitabh Kant
There has to be a policy of growth, consequence of which is job creation. You cannot be distributing poverty. You have to distribute high levels of growth, says NITI Aayog CEO Amitabh Kant to Tanvi Shukla of ET NOW at the Times Network India Economic Conclave 2021.High-level growth will drive j
Not all banks are going to be privatised; interests of workers will be protected: FM Sitharaman
Union Finance Minister Nirmala Sitharaman on Tuesday said that not all banks are going to be privatised, adding that the interests of workers of banks, which are likely to be privatised, would also be protected. In a strong counter to Congress leader Rahu
Bank employees continue nationwide strike for 2nd consecutive day
Bank employees continued their strike on the second day following the call off the United Forum of Bank Union (UFBU) on March 16. UFBU had called a two-day nationwide strike against the privatisation of Public Sector Banks and 'retrograde banking reforms'. Bank employees continue nati
Bank Privatisation: PSB employees on a two-day nationwide strike against the proposed measure
Around 10 lakh bank employees are on protest against the privatisation of public sector banks, that was announced during the Union Budget. Services such as deposits and withdrawal at branches, cheque clearance and loan approvals would be affected due to the
This is not the right time to privatise PSUs: Vinayak Chatterjee
The need to galvanize public investments has a far higher impact, far higher, than the amount of revenue that it will garner by divesting these PSUs, says the Chairman, Feedback Infra.This is not the right time to privatise PSUs: Vinayak Chatterjee
India on track to meet renewable energy commitments
Power is a commodity and privatisation of discoms is one of the possible solutions, says Sanjiv Nandan Sahai, Power Secretary.India on track to meet renewable energy commitments
Four more PSUs BPCL, SCI, BEML, NINL will be privatised by Q4 along with LIC IPO: DIPAM Secy
Indian government expects to list state-owned Life Insurance Corp by the end of the current fiscal. DIPAM secretary Tuhin Kanta Pandey said, "We intend to do privatisation of BPCL, BEML, SCI, Neelanchal Ispat this year. The process is in the second stage." D
Govt extends BPCL bid deadline; Rosneft, Aramco unlikely to bid
The government on Wednesday said that it has extended the deadline for submitting initial bids to buy state-owned Bharat Petroleum Corp Ltd to Nov. 16. Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Bharat Petroleum Corp, sources familiar with the matter said, as l
Indian Railways' privatisation initiative: Is it a clash between need for modernisation vs social obligations?
The Indian Railways last year embarked on a massive drive to rope in private players to improve its services. One of the most important initiatives of this exercise, and a first in the National transporter’s history, is allowing private com
Chairman Railway Board Intv: Will monetisation, privatisation give steam to Railway operations?
Vinod Kumar Yadav, Chairman, and first-ever CEO of Railway Board talks to ET’s Nishtha Saluja about Railway Privatisation, Dedicated Freight Corridor, user charges for station redevelopment and much more. WatchChairman Railway Board Intv: Will monetisatio
Watch: Air India sale hits air pocket? Parl panel for 5-yr revival period
In what is going to come as a huge setback for privatisation process of the loss-making national carrier, a parliamentary panel - headed by TMC MP Derek O'Brien - is in favour of not selling Air India. The panel, in its draft report, is likely to recommend that the carrier be
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