Privatisation Current Affairs, GK & News

General Insurance Business (Nationalisation) Amendment Bill passed

Lok Sabha passed the “General Insurance Business (Nationalisation) Amendment Bill through a voice vote on August 2, 2021 without any debate. Highlights General Insurance Business (Nationalisation) Amendment Bill, 2021 will allow government to lower down its stake in State-owned general insurance companies and generate required resources. It will also help public sector general insurers design ..

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Strategic disinvestment and transfer of management control in IDBI

The Union Cabinet recently approved the Strategic Disinvestment and transfer of management control in IDBI bank. Current Scenario The Government of India recently holds 45.48% stake in IDBI bank, LIC (Life Insurance Corporation) owns 49.24%. In 2019, LIC infused 21,624 crores of rupees into bank. It is the current promoter of IDBI and GoI is ..

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Somanathan: New Finance secretary

The Expenditure Secretary T V Somanathan was recently designated as the Finance Secretary by the Appointments Committee of the Cabinet. About T V Somanathan Currently he is the senior most officer among all the secretaries in the Ministry of Finance. He is a 1987 batch Indian Administrative Service Officer of Tamil Nadu cadre. Tuhin Kanta ..

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DGFT Trade Facilitation App launched

The Union Minister of Commerce and Industry Shri Piyush Goyal recently launched the DGFT Trade Facilitation Mobile Application. DGFT is Directorate General of Foreign Trade. Key Features of DGFT The DGFT Trade Facilitation application provides the following features : Real-time trade policy updates and event notifications. It provides options to explore Export-Import policies and statistics ..

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NITI Aayog submits first list of 12 PSUs for Privatisation

The government’s think tank, NITI Aayog has submitted the first list comprising of 12 Public Sector Undertakings that will be privatized under the centre’s privatisation drive. Highlights The list submitted by the NITI Aayog includes the PSUs in strategic sectors. This list will now be reviewed by Department of Investment and Public Asset Management (DIPAM) ..

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