The Union Cabinet recently approved an amendment to the ‘Foreign direct investment policy on civil aviation’, which allowed Non-resident Indians (NRIs) to acquire 100 per cent equity stake in Air India under the automatic route. Prior to this amendment, only 49 per cent was available for sale to NRIs in Air India. After the proposed ..
Disinvestment: GK, Current Affairs, Questions, Trivia and News
In the Union Budget 2020-21, the Government has set its disinvestment target at ₹ 1.2 Lakh Crores for the fiscal year 2020-21. The government also expects ₹90,000 crore revenue from disinvestment of government stake in public sector banks and financial institutions, including the LIC and IDBI bank. This is in addition to the 1.2 Lakh Crore ..
The central government is planning to carry out the Initial Public Offerings (IPOs) for a few of the regional rural banks. These banks (RRBs) will only be listed on the stock exchanges in the current financial year after assessing their fiscal strength and consolidation of operations. RRB Consolidation To minimize overhead expenditure, increase adoption of ..
In order to meet its disinvestment targets, the Union Government is attempting to split one of India’s largest PSU, the Gas Authority of India Limited (GAIL). GAIL GAIL is India’s largest gas company. It has enormous stakes in piping, distribution, and transport of gas all around the company. Apart from its core business of gas, ..
Privatization can be described as the transfer of state-owned enterprises (SOEs) to the private owners. SOEs in India include various public sector undertakings (PSUs), State enterprises and banks. It has been described by most economists as the need of the hour and has become a common economic policy tool around the globe. However, the increasing ..
Several trade unions of the Visakhapatnam Steel Plant (VSP) went on a day’s strike to urge for their demand to withdraw the 10 per cent disinvestment of the equity in Rashtriya Ispat Nigam Limited (RINL) – the holding company of VSP. Why the Strike? To protest against disinvestment launched on July 13, 2012. In order ..