Privatization Current Affairs, GK & News
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 the Question Hour in Lok Sabha. The Minister of State for Finance, Anurag Thakur, also ..
Category: Economy & Banking Current Affairs - 2022
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 of the banks. Highlights The minister further said, the Centre have not made plan to ..
Category: Environment Current Affairs
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 policy will present a road map for the presence of government-owned entities in strategic and ..
Topics: Aatmanirbhar Bharat package • Department of Investment and Public Asset Management • Privatization • Privatization of PSUs • Public Sector Undertakings (PSUs) • Strategic sectors • union budget 2020-21
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 not a case of permanent selling of airports. The Airport Authority of India still has ..
Category: India Nation & States Current Affairs
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 Gandhi International Airport (IGIA), New Delhi. The airline is the member of the international Airline ..
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 ..