Divestment Secretary

Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...

DPIIT will soon approach the Cabinet for seeking its approval on changes in FDI policy for fast tracking LIC's disinvestment

The government will get Rs 2,700 crore in cash from the divestment of Air India, DIPAM Secretary Tuhin Kunta Pandey said Friday, as he announced that Tata Sons had won the bid to acquire the embattled national carrier.

President Donald Trump will take action shortly on Chinese software companies that are feeding data directly to the Beijing government, posing a risk to US national security, Secretary of State Mike Pompeo said.

Civil Aviation Secretary R. N. Choubey said a decision on infusing fresh capital in Air India would be taken very soon.

The government has not received any bids so far for its stake in state-run carrier Air India, the civil aviation secretary told TV channels, a day before the formal bidding process closes.

Government will invite initial bids for a stake sale in Air India in the next couple of weeks, Civil Aviation Secretary Rajiv Choubey said

U.S. Commerce Secretary Wilbur Ross said on Monday he probably would not keep his holdings in a shipping company with business ties to Russian President Vladimir Putin's inner circle and that he had fully and properly disclosed investments.

The Congress today divested party General Secretary Digvijaya Singh of responsibilities as the person in-charge of party affairs in Telangana, and assigned the job to RC Khuntia.

Global volatility in capital and currency markets has derailed the Rs 69,500-crore PSU stake sale programme for the year, but the government will go ahead with prudent and timely disinvestments, a target for which should not be just confined to dates, a top official has said.

Asked if strategic will only mean below 51 per cent, Mr Mehrishi said: "Not necessary".

The general secretary of the the All India Coal Workers Federation, Jibon Roy, said, "We condemn the government decision to disinvest 10 per cent more in CIL shares to private hands. We will call the coal workers to fight back."

With ONGC diversifying into non-core areas like power and fertiliser, Petroleum Secretary Vivek Rae has said the country's high profit making PSU should sell its non-core assets and concentrate on increasing oil and gas production.

Heavy industries and public enterprises secretary Sutanu Behuria said the government in all possibility would go ahead with the divestment whether land lease was available or not.

A lingering row between CIL and power producers, such as NTPC, is casting a shadow over 10 per cent divestment plans in the coal major as its parent ministry has reservations about stake sale till issues like Rs 9,000-crore dues owed by electricity utilities are resolved.

Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public o...

DPIIT will soon approach the Cabinet for seeking its approval on changes in FDI policy for fast tracking LIC's disinvestment

The government will get Rs 2,700 crore in cash from the divestment of Air India, DIPAM Secretary Tuhin Kunta Pandey said Friday, as he announced that Tata Sons had won the bid to acquire the embattled national carrier.

President Donald Trump will take action shortly on Chinese software companies that are feeding data directly to the Beijing government, posing a risk to US national security, Secretary of State Mike Pompeo said.

Civil Aviation Secretary R. N. Choubey said a decision on infusing fresh capital in Air India would be taken very soon.

The government has not received any bids so far for its stake in state-run carrier Air India, the civil aviation secretary told TV channels, a day before the formal bidding process closes.

Government will invite initial bids for a stake sale in Air India in the next couple of weeks, Civil Aviation Secretary Rajiv Choubey said

U.S. Commerce Secretary Wilbur Ross said on Monday he probably would not keep his holdings in a shipping company with business ties to Russian President Vladimir Putin's inner circle and that he had fully and properly disclosed investments.

The Congress today divested party General Secretary Digvijaya Singh of responsibilities as the person in-charge of party affairs in Telangana, and assigned the job to RC Khuntia.

Global volatility in capital and currency markets has derailed the Rs 69,500-crore PSU stake sale programme for the year, but the government will go ahead with prudent and timely disinvestments, a target for which should not be just confined to dates, a top official has said.

Asked if strategic will only mean below 51 per cent, Mr Mehrishi said: "Not necessary".

The general secretary of the the All India Coal Workers Federation, Jibon Roy, said, "We condemn the government decision to disinvest 10 per cent more in CIL shares to private hands. We will call the coal workers to fight back."

With ONGC diversifying into non-core areas like power and fertiliser, Petroleum Secretary Vivek Rae has said the country's high profit making PSU should sell its non-core assets and concentrate on increasing oil and gas production.

Heavy industries and public enterprises secretary Sutanu Behuria said the government in all possibility would go ahead with the divestment whether land lease was available or not.

A lingering row between CIL and power producers, such as NTPC, is casting a shadow over 10 per cent divestment plans in the coal major as its parent ministry has reservations about stake sale till issues like Rs 9,000-crore dues owed by electricity utilities are resolved.