Ministry Of Disinvestment
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Over Rs 4 Lakh Crore Raised Through Disinvestment Since 2014, Says Centre
The government has raised over Rs 4.04 lakh crore through disinvestment and strategic sale of public sector enterprises since the Modi government came into power in 2014, the Finance Ministry said.
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Air India Disinvestment To Be Completed In 2021-22; Rs 3,224 Allocated Crore To Aviation Ministry
Disinvestment of Air India will be completed in 2021-22, Finance Minister Nirmala Sitharaman said in her budget speech on Monday and allocated as Rs 2,268 crore for a special purpose vehicle set up as part of financial restructuring of the debt-laden national carrier.
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Will Ensure Air India Continues Operates Smoothly: Aviation Ministry
The Civil Aviation Ministry on Tuesday said it would ensure that Air India continues to operate uninterruptedly and improve its operations even as the government plans to go ahead with the national carrier's disinvestment process.
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"Rumours Of Shutdown Baseless, Will Continue To Fly": Air India Chief
Air India chief Ashwani Lohani on Saturday said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless", weeks after he told the Civil Aviation Ministry that the carrier's financial situation was "grossly untenable" for sustaining operations.
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Centre To Go Ahead With Disinvestment Process Of Air India: Aviation Ministry
Continued support from the government has resulted in an improvement of the financial and operational performances of Air India and the Centre has decided to go ahead with the process of its disinvestment, the Ministry of Civil Aviation said today.
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Centre To Revisit Air India Stake Sale After Oil prices Stabilise
Saying that the present environment is "not conducive" for it, Minister of State for Civil Aviation Jayant Sinha told Rajya Sabha that the issue would be revisited once global economic indicators, including oil prices and forex conditions stabilize.
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Government May Relook At Air India Stake Sale Strategy: Minister
The civil aviation ministry today said it was expecting better participation for the Air India stake sale and indicated that there could be a rethink on the strategy after the disinvestment failed to attract any initial bids.
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Potential Bidders "Arm Twisting" Government On Air India Sale, Say Unions
Alleging that the probable bidders are using "arm twisting tactics" to force the government sell the national carrier cheap, a forum of 10 Air India unions said that it will take up the issue with the Prime Minister's Office (PMO) and the civil aviation ministry, among others.
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Foreign Player Keen On Buying 49 Per Cent Stake In Air India: Government Official
A foreign player has formally written to the government expressing its interest in buying 49 per cent stake in Air India, a senior official in the ministry of civil aviation said.
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Privatisation Of Air India Will Impact Haj Operations: Government Panel
A Centre-appointed committee has said privatisation of Air India will have serious consequences on Haj operations and suggested the minority affairs and civil aviation ministries prepare their response in case the proposed disinvestment goes through.
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Shiv Sena Hits Out At BJP On Decision To Privatise Air India
BJP ally Shiv Sena today came down heavily on the centre over its decision to privatise national carrier Air India, saying had such a decision been taken by the previous Congress-led UPA government, the BJP would not have spared it.
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Delhi's Iconic Janpath Hotel May Be Reborn As Office Complex
The Narendra Modi-led Cabinet Committee on Economic Affairs today gave in-principle approval for the closure of ITDC's Janpath Hotel in New Delhi. The property "can be considered" for setting up government offices as part of the government's disinvestment policy.
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PM's Office Draws Up List of 58 Sick Public Sector Units, Wants Roadmap
The office of Prime Minister Narendra Modi has stepped into the process of divestment, calling for a clear roadmap for 58 loss-making Public Sector Enterprises. It has been decided to close five of these units immediately, 11 will stop getting non-budgetary support.
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Finance Ministry to Use Facebook, Twitter to Push Disinvestment
The Department of Disinvestment in the Finance Ministry will hire an advertising or public relation agency for the purpose.
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Over Rs 4 Lakh Crore Raised Through Disinvestment Since 2014, Says Centre
The government has raised over Rs 4.04 lakh crore through disinvestment and strategic sale of public sector enterprises since the Modi government came into power in 2014, the Finance Ministry said.
-
Air India Disinvestment To Be Completed In 2021-22; Rs 3,224 Allocated Crore To Aviation Ministry
Disinvestment of Air India will be completed in 2021-22, Finance Minister Nirmala Sitharaman said in her budget speech on Monday and allocated as Rs 2,268 crore for a special purpose vehicle set up as part of financial restructuring of the debt-laden national carrier.
-
Will Ensure Air India Continues Operates Smoothly: Aviation Ministry
The Civil Aviation Ministry on Tuesday said it would ensure that Air India continues to operate uninterruptedly and improve its operations even as the government plans to go ahead with the national carrier's disinvestment process.
-
"Rumours Of Shutdown Baseless, Will Continue To Fly": Air India Chief
Air India chief Ashwani Lohani on Saturday said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless", weeks after he told the Civil Aviation Ministry that the carrier's financial situation was "grossly untenable" for sustaining operations.
-
Centre To Go Ahead With Disinvestment Process Of Air India: Aviation Ministry
Continued support from the government has resulted in an improvement of the financial and operational performances of Air India and the Centre has decided to go ahead with the process of its disinvestment, the Ministry of Civil Aviation said today.
-
Centre To Revisit Air India Stake Sale After Oil prices Stabilise
Saying that the present environment is "not conducive" for it, Minister of State for Civil Aviation Jayant Sinha told Rajya Sabha that the issue would be revisited once global economic indicators, including oil prices and forex conditions stabilize.
-
Government May Relook At Air India Stake Sale Strategy: Minister
The civil aviation ministry today said it was expecting better participation for the Air India stake sale and indicated that there could be a rethink on the strategy after the disinvestment failed to attract any initial bids.
-
Potential Bidders "Arm Twisting" Government On Air India Sale, Say Unions
Alleging that the probable bidders are using "arm twisting tactics" to force the government sell the national carrier cheap, a forum of 10 Air India unions said that it will take up the issue with the Prime Minister's Office (PMO) and the civil aviation ministry, among others.
-
Foreign Player Keen On Buying 49 Per Cent Stake In Air India: Government Official
A foreign player has formally written to the government expressing its interest in buying 49 per cent stake in Air India, a senior official in the ministry of civil aviation said.
-
Privatisation Of Air India Will Impact Haj Operations: Government Panel
A Centre-appointed committee has said privatisation of Air India will have serious consequences on Haj operations and suggested the minority affairs and civil aviation ministries prepare their response in case the proposed disinvestment goes through.
-
Shiv Sena Hits Out At BJP On Decision To Privatise Air India
BJP ally Shiv Sena today came down heavily on the centre over its decision to privatise national carrier Air India, saying had such a decision been taken by the previous Congress-led UPA government, the BJP would not have spared it.
-
Delhi's Iconic Janpath Hotel May Be Reborn As Office Complex
The Narendra Modi-led Cabinet Committee on Economic Affairs today gave in-principle approval for the closure of ITDC's Janpath Hotel in New Delhi. The property "can be considered" for setting up government offices as part of the government's disinvestment policy.
-
PM's Office Draws Up List of 58 Sick Public Sector Units, Wants Roadmap
The office of Prime Minister Narendra Modi has stepped into the process of divestment, calling for a clear roadmap for 58 loss-making Public Sector Enterprises. It has been decided to close five of these units immediately, 11 will stop getting non-budgetary support.
-
Finance Ministry to Use Facebook, Twitter to Push Disinvestment
The Department of Disinvestment in the Finance Ministry will hire an advertising or public relation agency for the purpose.
