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Govt Puts Pawan Hans Sale On Hold Over Winning Bidder Concerns

Economy

Last month, the government selected M/s Star9 Mobility Pvt Ltd, a consortium of M/s Big Charter Private Limited, M/s Maharaja Aviation Private Limited and M/s Almas Global Opportunity Fund SPC, as the winning bidder for Pawan Hans

Govt To Invite Bids For SCI Sale By Sept; Hive Off Shipping House: Report

BW Online Bureau

Economy

As part of the strategic-sale process, the government is hiving off Shipping House and the training institute and some other non-core assets of Shipping Corporation of India (SCI)

Disinvestment Of Some PSUs A Continuous Process, Says Govt In RS

BW Online Bureau

Economy India

Replying to supplementaries during the Question Hour, Railways Minister Ashwini Vaishnaw said the process of CONCOR disinvestment started during the Congress regime in 1994-95.

Air India Disinvestment: Union Moves Madras HC On Employees' Welfare

BW Online Bureau

Companies & Markets

The court, in interim relief to the petitioner, restrained the Ministry and other authorities concerned from evicting the members of the Air Corporation Employees' Union in Meenambakkam here from their residences provided by the management of Air India Limited.

Fresh Hurdle In BPCL Disinvestment Plan

BW Online Bureau

Energy & Infra Oil and Gas

A global push toward green energy and pressure from investors to slash emissions is holding back companies from making large investments in fossil fuels.

The Air India Homecoming. And The Road Ahead

S Ravi

Opinion Columns

It is a homecoming for Tatas, and for the Government, for whom disinvestment is one of the core agendas, disinvestment of Air India would be a catalyst in the process.

Alliance Air To Start Mumbai-Sindhudurg Flight From Oct 9

BW Online Bureau

Companies & Markets

Union minister Narayan Rane had said Chipi airport in Sindhudurg district of Maharashtra would be inaugurated by Aviation Minister Jyotiraditya Scindia on October 9.

We Are In Phase Of Creeping Protectionism And MGNREGA Is Still The Best Bet In Rural Areas: Nobel Laureate Abhijit Banerjee

Manish Kumar Jha

Economy India

Abhijit V. Banerjee, Professor of Economics at Massachusetts Institute of Technology, received the 2019 Nobel Prize for Economic Sciences. How well his ideas fit into India’s economic growth amid the volcanic challenges are debated in his book--Good Economics for Hard Times-- which he co-authored with Esther Duflo. He touches upon more politically contentious issues like trade, inequality and the universal basic income for those who are left out of the economic growth story. In a free-wheeling conversation with Manish Kumar Jha of BW Businessworld, Prof. Banerjee comments on India’s healthcare, the privatization, fiscal support, and the complex matrix of Direct Benefit Transfer Scheme. He asserts that the Indian economy could be competitive should “we open ourselves to trade”. Excerpts:

Cabinet Clears Strategic Disinvestment, Transfer Of Management Control In IDBI Bank

BW Online Bureau

Banking & Finance Banking

Resources through strategic disinvestment of government equity from the transaction would be used to finance developmental programmes of the government benefiting the citizens

Disinvestment in FY 2020-21

Vinay K. Srivastava

Opinion Columns

Due to non-realisation of targets the position of the fiscal deficit has deteriorated.

Decisions related to asset monetisation, privatisation will help in empowering citizens: PM Modi

ANI

National

Decisions related to asset monetisation, privatisation will help in empowering citizens: PM Modi

Jagan Reddy writes to PM Modi requesting reconsideration of RINL's disinvestment plans

ANI

National

Jagan Reddy writes to PM Modi requesting reconsideration of RINL's disinvestment plans

LIC employees protest against Centre's disinvestment proposal

ANI

National

During the Union Budget on Monday, Finance Minister Nirmala Sitharaman said that the initial public offering of LIC will be brought in through requisite amendments in the session itself.