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Centre, LIC To Abstain From Veto Post Privatisation Of IDBI Bank
The government and state-owned insurer LIC, who will continue to hold significant shareholding in IDBI Bank post its privatisation, will not veto any proposals of the new owner as part of their plan to give the incoming promoters a free hand, a senior official said.
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Opposition Slams Assam Government Over Education Sector Moves, Plans Stir On September 28
The opposition on Wednesday slammed the Assam government over its slew of decisions in the education sector, and alleged that the BJP-led alliance was trying to privatise schools.
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No Plans To Privatise Indian Railways: Centre
Railway Minister Ashwini Vaishnaw on Wednesday said the government has no plans to privatise the Indian Railways and opposition parties' contention in this regard is hypothetical.
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Bank Unions Call For 2-Day Strike Against Government's Plan To Privatise PSBs
United Forum of Bank Unions convener Mahesh Mishra said the government wants to pass the Banking Reforms Bill in the current session of Parliament, paving the way for privatisation.
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Didi Asked by Chinese Regulators to Delist From US on Security Fears: Report
Chinese regulators have asked top executives of ride hailing giant Didi to devise a plan to delist from US bourses on Security fears, Bloomberg News reported.
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"This Is Loot": Congress's Jairam Ramesh On Plan To Privatise Oil Fields
The government's proposal to give away the ONGC's biggest oil and gas fields to foreign companies for output boost received sharp criticism this morning from former Union Minister and Congress leader Jairam Ramesh who called it "loot".
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Air India Sale A Key Milestone In India's Privatisation Efforts: IMF Official
IMF has said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts
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PM Modi's Goodbye To The Indolent Maharajah
India sought to sell its national carrier but the privatization plan collapsed, and took 20 more years and billions of dollars of wasted capital to be reassembled. Only when the travel industry has been ravaged by a pandemic has PM Modi let it go.
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SBI Union, Others Urge Central Bank to Scrap Digital Payments Plan, Letter Shows
A union representing the largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters that privatisation could compromise data safety.
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Rahul Gandhi Slams Centre Over Plans To Sell Residual Stake In 4 Airports
Congress leader Rahul Gandhi today attacked the government over reports that it plans to sell its residual stake in the already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports, alleging that such privatisation hurts the public and benefits only a handful of cronies.
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Budget A Move Towards Privatisation, Maharashtra Ignored: Shiv Sena
The ruling Shiv Sena on Monday said Maharashtra was ignored in the Union Budget 2021- 22 while its ally NCP termed the annual financial plan as "disappointing" and a move towards "privatisation".
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Government Likely To Announce Sale Of IDBI Bank, Stake in LIC: Sources
The government plans to announce the sale of a 10 per cent to 15 per cent stake in the state-run Life Insurance Corporation in next week's budget, as part of a privatisation push to improve public finances, two government sources said
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Bharat Petroleum Puts Bina Refinery Expansion Plan On Hold Pending Privatisation
BPCL wanted to install a residue fluid catalytic cracker at the Mumbai refinery and connect the plant with a new site where it wanted to build an ethylene cracker.
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Plan To Auction Modernised Train Stations To Private Sector: Piyush Goyal
After deciding to privatise 151 passenger trains, the Centre is planning to auction railway stations to private players after modernising the facilities, Union Minister Piyush Goyal said on Monday.
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India To Reduce Number Of State-Owned Banks From 12 To 5: Report
The first part of the plan would be to sell majority stakes in six state-owned banks
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Centre, LIC To Abstain From Veto Post Privatisation Of IDBI Bank
The government and state-owned insurer LIC, who will continue to hold significant shareholding in IDBI Bank post its privatisation, will not veto any proposals of the new owner as part of their plan to give the incoming promoters a free hand, a senior official said.
-
Opposition Slams Assam Government Over Education Sector Moves, Plans Stir On September 28
The opposition on Wednesday slammed the Assam government over its slew of decisions in the education sector, and alleged that the BJP-led alliance was trying to privatise schools.
-
No Plans To Privatise Indian Railways: Centre
Railway Minister Ashwini Vaishnaw on Wednesday said the government has no plans to privatise the Indian Railways and opposition parties' contention in this regard is hypothetical.
-
Bank Unions Call For 2-Day Strike Against Government's Plan To Privatise PSBs
United Forum of Bank Unions convener Mahesh Mishra said the government wants to pass the Banking Reforms Bill in the current session of Parliament, paving the way for privatisation.
-
Didi Asked by Chinese Regulators to Delist From US on Security Fears: Report
Chinese regulators have asked top executives of ride hailing giant Didi to devise a plan to delist from US bourses on Security fears, Bloomberg News reported.
-
"This Is Loot": Congress's Jairam Ramesh On Plan To Privatise Oil Fields
The government's proposal to give away the ONGC's biggest oil and gas fields to foreign companies for output boost received sharp criticism this morning from former Union Minister and Congress leader Jairam Ramesh who called it "loot".
-
Air India Sale A Key Milestone In India's Privatisation Efforts: IMF Official
IMF has said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts
-
PM Modi's Goodbye To The Indolent Maharajah
India sought to sell its national carrier but the privatization plan collapsed, and took 20 more years and billions of dollars of wasted capital to be reassembled. Only when the travel industry has been ravaged by a pandemic has PM Modi let it go.
-
SBI Union, Others Urge Central Bank to Scrap Digital Payments Plan, Letter Shows
A union representing the largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters that privatisation could compromise data safety.
-
Rahul Gandhi Slams Centre Over Plans To Sell Residual Stake In 4 Airports
Congress leader Rahul Gandhi today attacked the government over reports that it plans to sell its residual stake in the already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports, alleging that such privatisation hurts the public and benefits only a handful of cronies.
-
Budget A Move Towards Privatisation, Maharashtra Ignored: Shiv Sena
The ruling Shiv Sena on Monday said Maharashtra was ignored in the Union Budget 2021- 22 while its ally NCP termed the annual financial plan as "disappointing" and a move towards "privatisation".
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Government Likely To Announce Sale Of IDBI Bank, Stake in LIC: Sources
The government plans to announce the sale of a 10 per cent to 15 per cent stake in the state-run Life Insurance Corporation in next week's budget, as part of a privatisation push to improve public finances, two government sources said
-
Bharat Petroleum Puts Bina Refinery Expansion Plan On Hold Pending Privatisation
BPCL wanted to install a residue fluid catalytic cracker at the Mumbai refinery and connect the plant with a new site where it wanted to build an ethylene cracker.
-
Plan To Auction Modernised Train Stations To Private Sector: Piyush Goyal
After deciding to privatise 151 passenger trains, the Centre is planning to auction railway stations to private players after modernising the facilities, Union Minister Piyush Goyal said on Monday.
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India To Reduce Number Of State-Owned Banks From 12 To 5: Report
The first part of the plan would be to sell majority stakes in six state-owned banks
