Civil Aviation Secretary Pradeep Singh Kharola on January 4 notified that in the third round of airport divestments, around ten airports will be privatised. Besides, the Airports Authority of India (AAI) is contemplating on selling loss-making airports along with few successful ones. The government also hinted of privatising about 20 to 25 airports in the upcoming days. Earlier, during the second round, the Centre had sanctioned the… read-more
CM Manohar Lal Khattar-led Haryana government will start an anti-tobacco drive across all colleges and universities in the state from January 26. While painting anti-smoking slogans, the government would place volunteers near school displaying motivational messages. The recent orders ask every educational institution to place ‘Tobacco-free area’ sign outside the building and ‘Tobacco-Free Educational Institution’ within the premises. Earlier… read-more
The Karnataka government stated that the discoms (power distribution companies) in the state were in a good "fiscal shape" and there was no need to privatise them. The remarks came against the Centre's proposal to privatise discoms in the state. However, the state can opt for this if it sees positive results in the Union Territories that have implemented privatisation. Earlier, the Centre had proposed privatisation of three discoms of… read-more
Courtesy: Deccan Herald
The Department of Investment and Public Asset Management (DIPAM) stated that the deadline for bidding the state-owned stakes of Bharat Petroleum has been extended till November 16. The extension came after interested bidders sought more time. Reportedly, this is the fourth time the deadline has been changed since May. Earlier, in November 2019, the Government had decided to sell its 52.98% stake in Bharat Petroleum to privatise the firm.
Courtesy: Live Mint
Suryakant Dhasmana, vice-president of Uttarakhand Pradesh Congress Committee, accused the Centre of 'conspiring' against the public sector by boosting privatization. Speaking at a rally organised to protest privatization of Railways, he alleged that the Modi government intends to “cripple the public sector”. “Like Coal India, government is preparing to auction BSNL, Air India and Indian Railways,” he added, Congress would not allow that.
Courtesy: ANI News
With an investment cost of Rs 1,000 crore, manufacturing firm Medha Servo Drives will be setting up a rail coach factory at Kondakal near Hyderabad in Telangana. The foundation stone for the project was laid on August 13 by the Telangana Industries Minister KT Rama Rao. The project, which is lauded as India's largest private-sector rail coach factory, is expected to create 2,200 jobs in the region.
Courtesy: Economic Times
V.K. Yadav, the Chairman of Railway Board has said that only 5 percent of the total trains in the Indian Railways will be privatized, which is 151 trains. "Indian Railways has a total of 2,800 trains that run across India, of which only 5% are going to be privatised. At least 95% percent of the trains will still be run by the Indian Railways" Yadav reiterated.
Central government invited Request for Qualification (RFQ) for private investors for operation of 150 modern trains on 109 origin destinations.The objective of this initiative is to introduce modern technology rolling stock with reduced maintenance, reduced transit time, boost job creation, provide enhanced safety, provide world-class travel experience to passengers and also reduce demand supply deficit in the passenger transportation sector,… read-more
Courtesy: The Print