special purpose vehicle Current Affairs, GK & News

Indian Government to provide Digital connectivity to all gram panchayats

August 22, 2019

The Indian Government, in its latest push to encourage the digitization in the country and to improve quality & delivery of government services, has decided to provide digital connectivity to all gram panchayats in the country. What has happened? The Ministry of Panchayati Ray (which handles all affairs related to the gram panchayats in India) ..

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Kerala Govt. to set up Non-Resident Keralites Investment company

July 11, 2019

Kerala Government decided to form a Non-Resident Keralites Investment company with 74% stake to be held by expatriate (or expat) to channelize investments from overseas Keralites for major infrastructure development in the state. Decision in this regard was taken at a cabinet meeting chaired by Kerela Chief Minister Pinarayi Vijayan. Key Highlights In Non-Resident Keralites ..

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SPV s to Aid Direct Funding for Universities

May 28, 2019

Ten high-performing state universities are now setting up special purpose vehicles companies to receive the funds directly from the Central government. This model is being explored to cut the red tape. How the new Model would work? The selected universities are required to create a special purpose vehicle (SPV) under the Companies Act. These campus ..

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Bulletin: National Training Workshop for 7th Economic Census organized

May 19, 2019

A comprehensive training strategy called National Training Workshop of Master Trainers to impart training to trainers engaged in upcoming 7th Economic Census was held at Indian Habitat Center in the New Delhi. It was organized by Ministry of Statistics and Program Implementation (MoSPI). Key Highlights Objective: to impart training to Master trainers (enumerators and supervisors) ..

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Cabinet approves setting up of SPV for disinvestment of Air India

March 2, 2019

The Union Cabinet headed by Prime Minister Narendra Modi has given ex-post facto approval for the creation of the Special Purpose Vehicle (SPV) and associated activities for the disinvestment of Air India and its subsidiaries/JV. Air India Assets Holding Ltd. Debt of Air India Ltd. amounting to Rs. 29,464 crore would be transferred to Air ..

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