PRIVATISATION

privatisation

Pak Aviation Ministry Rules Out PIA Privatisation, Underlines Reforms Amid License Fraud

Pakistan's Aviation Minister Ghulam Sarwar Khan said that the government wants to restructure the debt-laden Pakistan International Airlines to bring the airline back to its days of glory.
July 27, 2020, 4:52 pm explore: Auto

BPCL Offers VRS to Employees Ahead of Privatisation

The 'Bharat Petroleum Voluntary Retirement Scheme - 2020 (BPVRS-2020)' opened on July 23 and will close on August 13..
July 26, 2020, 5:39 pm explore: Business

India Plans to Reduce Number of State-owned Banks to Just Five: Report

The first part of the plan would be to sell majority stakes in Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra and Punjab & Sind Bank, leading to an effective privatisation of these state-owned lenders.
July 20, 2020, 6:20 pm explore: Business

Leave Without Pay Scheme Win-Win for Employees Amid Massive Financial Crunch: Air India

On Tuesday, Air India issued an internal order asking its department head and regional directors to identify employees who will be sent on compulsory LWP for up to five years.
July 20, 2020, 11:54 am explore: Auto

Air India Cannot Survive on Govt Funding, Privatisation Only Option: Aviation Minister

Recently, Air India instituted a scheme whereby employees can opt to take "leave without pay" ranging from six months to up to five years.
July 16, 2020, 7:22 pm explore: Auto

Govt Seeks Technical Bids for Passenger Train Operations by Private Companies

The Railways last week formally kickstarted its plans to allow private entities to operate passenger trains on its network by inviting request for qualifications (RFQ) for participation on 109 pairs of routes through 151 modern trains.
July 9, 2020, 9:47 pm explore: Business

Privatisation Will Increase Employment, Bring New Technology, Enable Trains on Demand: Railways

The move by the Railways to privatise 151 trains on 109 routes has been criticised by opposition parties which have alleged that the poor people's lifeline was being taken away.
July 8, 2020, 11:17 pm explore: India

RSS-affiliated BMS Announces Week-long Strike against Job Loss & Privatisation of PSUs from July 24

During the protest, BMS activists will contact grassroot-level workers of each sector and "educate" them about the "severe impact" of the latest policies of the central and state governments, the BMS said in a statement.
July 8, 2020, 7:55 pm explore: India

Congress, Left Parties Question Centre's Decision to Invite Private Players in Railways Operations

Congress spokesperson Abhishek Singhvi said the government could have waited for a nod by Parliament by way of a law or resolution before taking the step.
July 2, 2020, 10:28 pm explore: Politics

Can Private Players Successfully Run Trains in India?

The Railways on Wednesday formally kickstarted its plans to allow private entities to operate passenger trains on its network
Satshya Tharien, July 2, 2020, 4:08 pm explore: India

No Going Back on BPCL Privatisation, Says Oil Minister Dharmendra Pradhan

The government had in November last year decided to sell its 52.98 per cent stake in Bharat Petroleum Corp Ltd (BPCL). It has sought expressions of interest (EoIs) from potential acquirers by July 31.
June 26, 2020, 6:42 pm explore: Business

India Opens Private Commercial Space Operations Via IN-SPACe, ISRO to Handle R&D

With a newly formed PSU, New Space India Limited (NSIL), India will open up the involvement of private companies in commercial space operations.
Shouvik Das, June 24, 2020, 8:36 pm explore: Tech

Govt Unlikely to Go for Privatisation of PSBs this Fiscal due to Low Valuations & Rising Stressed Assets amid Covid-19

At present, four public sector banks are under the RBI's Prompt Corrective Action (PCA) framework, which puts several restrictions on them.
June 14, 2020, 11:14 am explore: Business

Uday Kotak Says There is No 'Perfect Time' for Privatisation of Companies

Kotak said the sequencing of reforms in the current environment is critical, especially in the area of divestment.
June 6, 2020, 10:39 pm explore: Business

Govt 'Clear and Unapologetic' About Privatisation of PSUs, Says Top Economic Advisor Sanjeev Sanyal

Finance Minister Nirmala Sitharaman had announced that there will be a maximum of four public sector companies in strategic sectors while state-owned firms in other segments will eventually be privatised.
June 5, 2020, 4:30 pm explore: Business

RSS-affiliated Trade Union Announces Countrywide Protest against Privatisation of PSUs

The decision to hold the nationwide strike was taken at a two-day meeting of the Bharatiya Mazdoor Sangh (BMS) unions in sectors like coal, defence, railway, among others.
June 5, 2020, 7:38 am explore: India

RSS-Affiliated BMS to Hold Nationwide Agitation Against Centre's Privatisation Drive on June 10

In a statement, Bharatiya Mazdoor Sangh said the Centre is justifying the dire need of money to run the government machinery by privatising public sector undertakings (PSUs).
June 4, 2020, 5:14 pm explore: Politics

RSS-affiliated BMS 'Strongly Opposes' FM Nirmala Sitharaman's Plans on Privatisation

The BMS said privatisation was against national interests and the Indian economy was not going to bounce back on the basis of "failed ideas".
May 16, 2020, 10:40 pm explore: India

Piyush Goyal Pitches for Private Sector Investment, Skills in Railways

Hailing Prime Minister Narendra Modi for his "360 vision", Piyush Goyal said he has given him a target of installing solar power of 20000 MW capacity on empty land owned by the railways.
March 13, 2020, 4:35 pm explore: India

Oppn Warns Govt Against Privatisation of Railways, Demands Separate Budget to Analyse Performance

Congress MP M K Raghavan said the BJP government has shown consistent apathy towards railways in the last 5 years and the dismal performance is visible in the high operating ratio, which is the worst in last 10 years.
March 12, 2020, 4:50 pm explore: Business

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