Employees of the Chandigarh Electricity Department called for a three-day strike, starting from February 23. The protest is against the Union Territory Government, which had announced a "power privatisation". Opposing the same, the strike has been organised, resulting in a power outage in Punjab's Capital. Reportedly, elderly people and kids are suffering as there is no electricity. The protestors demanded a solution for the issue.
Several banking staffs & employees of the govt banks are seeking jobs at a bigger public sector banks due to the Niti Aayog's report of shortlisting banks for privatisation. However, the others are waiting for a 'Voluntary Retirement Scheme' which is expected to be launched by the management. According to reports, Niti Aayog is planning to provide job security for a year post-privatisation.
The Centre may include the Central Bank of India and Indian Overseas Bank in the next round of privatisation, as per the government sources. Reportedly, the two banks have been suggested by the NITI Aayog, and they are being analysed by the disinvestment and financial services departments. The sources added that "the timeline [for the privatisation of state-run banks] will depend on the legislative changes required."
Courtesy: The Times of India
The Centre on March 17 stated that Bharat Sanchar Nigam Limited (BSNL) will be completing the roll out of its 4G services in next 18-24 months. It also informed in the Lok Sabha that the privatisation of state-owned BSNL is not in the government's plan. Earlier, on January 1, BSNL had invited applications from the domestic manufacturers of telecom equipment for its upcoming 4G tender. Notably, only India-based companies can bid for the tender… read-more
Courtesy: Hindustan Times
The Centre is planning to divest its shares in Delhi, Mumbai, Bangalore, and Hyderabad airports. Besides these, under the asset monetization pipeline, the government has planned to divest 13 more airports in 2020-21. The Civil Aviation Ministry will soon apply for the approval in this regard before the Cabinet. Earlier, Adani group acquired six airports in the first disinvestment round. The government is targetting Rs 1.75 lakh crore from… read-more
Courtesy: The Economic Times
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