Mergers and Acquisition Current Affairs, GK & News

Cabinet Approval: Capital Infusion in three public sector Units OICL, UIICL and NICL

On February 12, 2020, the Union Cabinet approved on capital infusion in three Public Sector Units namely United India Insurance Company (UIICL), Oriental Insurance Company Limited (OICL) and National Insurance Company Limited (NICL). Highlights During the meet the cabinet also approved an immediate release of Rs 2,500 crores in order to address their critical financial ..

Month: 

Category: 

Topics: 

GoM constituted to fast track revival plan of BSNL

On December 27, 2019, GoI constituted a 7-member group of ministers to fast track the implementation of revival plan of BSNL and MTNL. The revival plan includes allocation of 4G spectrum and asset monetization. Earlier, GoI approved the revival plan of merging BSNL and MTNL. Highlights The seven-member group of ministers include Defence Minister Raj ..

Month: 

Topics: 

GoI merges three Insurance PSUs

The GoI will merge 3 public Sector Insurance Companies as announced in budget 2019-20. The merger includes United India Insurance Limited, National Insurance Co Limited and Oriental Insurance Company Limited. Highlights The Budget 2019-2020 did not make provision of funds for insurers and the Department of Financial Services. Therefore, the government institutions in the financial ..

Month: 

Category: 

Topics: 

BSNL Revival Plan

The Union Cabinet on October 23, 2019 approved the proposal for revival of BSNL and MTNL. It allotted the 4G spectrum to the institutions. The MTNL will act as a subsidy to BSNL. A four-step revival plan has been announced for BSNL. Also, the GoI plans to raise Rs 15,000 crore through sovereign bonds. Significance ..

Month: 

Topics: 

20 May 2019: CCI celebrates its 10th Annual Day

The Competition Commission of India (CCI) celebrated its 10th Annual Day on 20 May 2019. The date ‘20 May’ marks the notification of substantive enforcement provisions of the Competition Act, 2002. About Competition Commission of India CCI is a statutory body which was established under the provisions of Competition Act, 2002. It was established in ..

Month: 

Category: 

Topics: