Privatization
Government Informs LIC is not being Privatized
The Central Government has informed the Lok Sabha on March 15, 2021 that, the Life Insurance Corporation of India (LIC) is not being privatized. Highlights This information was provided by the government in a reply to a supplementary question during ..
Month: Current Affairs - March, 2021
Govt to work with RBI for Privatisation of Banks
Recently the Union Finance Minister, Nirmala Sitharaman, while addressing the business leaders, chartered accountants and tax professionals in Mumbai stated that the central government will work with the Reserve Bank of India (RBI) to execute the plan of the privatization ..
Month: Current Affairs - February, 2021
Cabinet Clears Policy on PSU Privatization
The Union Cabinet has cleared the policy on the privatization of public sector undertakings (PSUs). The details regarding the policy will be announced in the upcoming Union Budget that will be presented on February 1, 2021. About the Policy The ..
Month: Current Affairs - January, 2021
Cabinet approves proposal to lease out Jaipur, Guwahati and Thiruvananthapuram airports for 50 years
The proposal for leasing out three airports i.e. Jaipur, Guwahati, and Thiruvananthapuram through the PPP model for 50 years has been approved by the Union Cabinet. Key highlights Adani Enterprises Limited became the highest bidder for the project. This is ..
Month: Current Affairs - August, 2020
All about Air India
Air India is the national flag carrier airline of India. It is headquartered at New Delhi and has been owned by Air India Limited(AIL). AIL is a government-owned enterprise and the airline has its main aircraft hub at the Indira ..
Short Note – Privatization in India
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 ..
New Economic Policy [UGC-NTA NET Political Science Notes]
The New Economic Policy (NEP) of India, introduced in 1991, represents a watershed moment in the country’s economic history. This policy was initiated to address a severe balance of payments crisis and to liberalise the Indian economy. The NEP aimed ..
Privatization of Indian Railways: Issue Analysis
So far, the private sector’s participation in railways has been very less in India, compared to sectors like ports, telecom, electricity, airports and roads. Several attempts have been made in the past to involve the private sector in various arenas ..