Privatisation
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All Saudi Top-Tier Football Clubs To Go Private, Says Ministry
The Saudi Pro League's remaining 14 football clubs are up for privatisation, the sports ministry said.
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Explained: How UK's Biggest Water Supplier, Thames Water, Sank Into Crisis
Thames Water, the UK's largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation.
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"Unwarranted, Misleading": Centre On Congress Allegation On Sainik Schools
Congress chief Mallikarjun Kharge has written to President of India Droupadi Murmu, demanding a rollback of the Centre's move to "privatise" Sainik schools, calling it a "blatant attempt to politicise them".
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Government Eases Approval Process for Foreign Direct Investment in Space Sector
The government has announced that it will allow 100 percent foreign direct investment in the manufacture of satellite systems without official approval, while also easing rules for launch vehicles. Foreign companies can invest in the manufacture of components and systems or sub-systems for satellites up to 100 percent without approval, according to...
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Moon Landings Being Privatised? 2 Missions Already Set For Early 2024
Two commercial spacecraft are scheduled to launch to the Moon early in 2024 under a Nasa initiative called the Commercial Lunar Payload Service CLPS.
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BJP-Led NDA Alliance Has "Mad" Policy Of Selling PSUs, Alleges KCR
The Prime Minister Narendra Modi-led NDA government has a "mad" policy of selling or privatising PSUs, including LIC, BRS chief K Chandrasekhar Rao alleged on Wednesday.
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Ukraine Parliament Clears Way For Appointment Of New Defence Minister
Ukrainian parliament approved the dismissal of Oleksii Reznikov as defence minister and Rustem Umerov as head of the main privatisation agency on Tuesday, clearing the way for Mr Umerov to take over from Mr Reznikov.
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ISRO Launches Aditya-L1, India's Maiden Sun Study Mission, Aboard PSLV Rocket
ISRO launched a rocket on Saturday to study the sun in its first solar mission, Aditya-L1. The rocket left a trail of smoke and fire as scientists clapped, a live broadcast on the Indian Space Research Organisation's (ISRO) website showed. The broadcast was watched by nearly 5,00,000 viewers.
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India's Offer To Privatise Space Has 20 Potential Bidders: Report
The Centre's effort to privatise part of India's space programme by opening bids to build its small satellite launch rocket has attracted initial interest from 20 companies, an official overseeing the process told Reuters.
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Public Banks In "Real Danger Of Privatisation": Bank Officers Body
All India Bank Officers' Confederation (AIBOC), the top body of bank officers in the country, on Tuesday, said state-run lenders are in "real danger of privatisation" despite playing a crucial role in closing the economic divide in society.
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"Fed Up With Air India": PM's Economic Advisory Council Chairman
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Friday took to Twitter to complain about services of Tata-owned Air India, saying that the airline was "better before privatisation".
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Adani Group Makes Foray Into Israel, PM Benjamin Netanyahu To Attend Ceremony
A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the Port of Haifa in Israel for a staggering $1.18 billion.
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Maharashtra Power Companies' Employees Go On 72-Hour Strike
Thousands of employees of three state-owned power companies went on a 72-hour strike on Wednesday to protest against the privatisation of power firms even as the government invoked the Maharashtra Essential Services Maintenance Act (MESMA).
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Centre To Hold Consultations To Decide On Privatisation Of Banks
In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.
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Delhi High Court Dismisses Ex-Air India Pilots' Pleas Against Termination
In 2020, Air India had apprised the pilots that in view of the prevailing scenario in the civil aviation sector due to the COVID-19 pandemic, a decision had been taken to discontinue their engagement.
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All Saudi Top-Tier Football Clubs To Go Private, Says Ministry
The Saudi Pro League's remaining 14 football clubs are up for privatisation, the sports ministry said.
-
Explained: How UK's Biggest Water Supplier, Thames Water, Sank Into Crisis
Thames Water, the UK's largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation.
-
"Unwarranted, Misleading": Centre On Congress Allegation On Sainik Schools
Congress chief Mallikarjun Kharge has written to President of India Droupadi Murmu, demanding a rollback of the Centre's move to "privatise" Sainik schools, calling it a "blatant attempt to politicise them".
-
Government Eases Approval Process for Foreign Direct Investment in Space Sector
The government has announced that it will allow 100 percent foreign direct investment in the manufacture of satellite systems without official approval, while also easing rules for launch vehicles. Foreign companies can invest in the manufacture of components and systems or sub-systems for satellites up to 100 percent without approval, according to...
-
Moon Landings Being Privatised? 2 Missions Already Set For Early 2024
Two commercial spacecraft are scheduled to launch to the Moon early in 2024 under a Nasa initiative called the Commercial Lunar Payload Service CLPS.
-
BJP-Led NDA Alliance Has "Mad" Policy Of Selling PSUs, Alleges KCR
The Prime Minister Narendra Modi-led NDA government has a "mad" policy of selling or privatising PSUs, including LIC, BRS chief K Chandrasekhar Rao alleged on Wednesday.
-
Ukraine Parliament Clears Way For Appointment Of New Defence Minister
Ukrainian parliament approved the dismissal of Oleksii Reznikov as defence minister and Rustem Umerov as head of the main privatisation agency on Tuesday, clearing the way for Mr Umerov to take over from Mr Reznikov.
-
ISRO Launches Aditya-L1, India's Maiden Sun Study Mission, Aboard PSLV Rocket
ISRO launched a rocket on Saturday to study the sun in its first solar mission, Aditya-L1. The rocket left a trail of smoke and fire as scientists clapped, a live broadcast on the Indian Space Research Organisation's (ISRO) website showed. The broadcast was watched by nearly 5,00,000 viewers.
-
India's Offer To Privatise Space Has 20 Potential Bidders: Report
The Centre's effort to privatise part of India's space programme by opening bids to build its small satellite launch rocket has attracted initial interest from 20 companies, an official overseeing the process told Reuters.
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Public Banks In "Real Danger Of Privatisation": Bank Officers Body
All India Bank Officers' Confederation (AIBOC), the top body of bank officers in the country, on Tuesday, said state-run lenders are in "real danger of privatisation" despite playing a crucial role in closing the economic divide in society.
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"Fed Up With Air India": PM's Economic Advisory Council Chairman
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Friday took to Twitter to complain about services of Tata-owned Air India, saying that the airline was "better before privatisation".
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Adani Group Makes Foray Into Israel, PM Benjamin Netanyahu To Attend Ceremony
A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the Port of Haifa in Israel for a staggering $1.18 billion.
-
Maharashtra Power Companies' Employees Go On 72-Hour Strike
Thousands of employees of three state-owned power companies went on a 72-hour strike on Wednesday to protest against the privatisation of power firms even as the government invoked the Maharashtra Essential Services Maintenance Act (MESMA).
-
Centre To Hold Consultations To Decide On Privatisation Of Banks
In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.
-
Delhi High Court Dismisses Ex-Air India Pilots' Pleas Against Termination
In 2020, Air India had apprised the pilots that in view of the prevailing scenario in the civil aviation sector due to the COVID-19 pandemic, a decision had been taken to discontinue their engagement.
