Page 16 - Nikunj Ohri

Cairn dispute: Govt sees no threat to privatisation of Air India

Once Air India is sold to private buyer, Cairn's claim will be defeated: Official

Cairn arbitration award case: Govt gears up to stop Air India asset seizure

Seeks details from airline to assess impact on privatization

DFS Secy urges states to vaccinate bank and insurance staff, provide safety

Debasish Panda says bankers have played a key role in providing services in such difficult times, many have contracted the virus, and some have even lost their lives

As part of strategic disinvestment, govt, LIC to sell stakes in IDBI Bank

Quantum of stake sale to be decided while structuring the transaction

FinMin asks state-run banks, insurers to postpone staff promotions

The advisory issued by the DFS states that the promotion process has coincided with a spike in Covid-19 cases across the country along with localised lockdowns

Govt mulls more Covid relief measures for businesses amid second wave

The Centre and the RBI are exploring options for businesses hit hard by the second wave

States to get Rs 15,000 cr more from Centre to boost capital expenditure

This is in the wake of the economy facing headwinds on account of a second Covid wave

T V Somanathan named finance secy in place of Ajay Bhushan Pandey

Pandey superannuated in February this year

Govt looking to monetise possible IT parks, SEZs developed on PSU land

Developing long-term, revenue-generating resources by using such idle assets will help create more value than by disposing them of at low valuations

MSMEs urge FM Nirmala Sitharaman to review NPA classification norms

In its suggestions to the finance ministry, the Federation of Indian Micro, Small and Medium Enterprises has said the greatest need that has emerged is the flexibility in assigning NPAs

Centre could refund costs to encourage asset monetisation by states

The NITI Aayog and DIPAM are considering a proposal to incentivise states for the costs involved in monetising and privatising assets

Covid relief schemes get longer life as govt begins process for extension

Among other schemes, the Emergency Credit Line Guarantee Scheme was recently extended until June 30 or until Rs 3 trillion is disbursed before taking a call to widen the plan or extend it

Loan moratorium: Centre asks banks to foot 'interest on interest' bill

Banks have been told that they can also adjust the amount against future liabilities for all accounts

GST evasion by winning bidders: Rly purchases since July '17 face enquiry

DGGI decision relates to misclassification of supplies

Govt's draft proposals tie insurance FDI hike to solvency margin

Draft proposes 180% if firms with over 49% foreign stake declare dividend

Privatisation push: Centre considers bringing PSBs under Companies Act

Changes are likely to be introduced in the Monsoon Session

Monetisation drive: Holdco for infra assets divides policymakers

A similar proposal is being considered for other infrastructure assets with other government departments

Cabinet to take up divestment of 45.5% stake in debt-laden IDBI Bank soon

The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year

Mudra loan sanctions in FY21 drop 21% YoY to 2.7 trn as Covid-19 weighs

The pandemic impact and subsequent lockdown leading to closure of several small units, there are concerns that NPAs under the scheme may rise

NITI Aayog considers separate PLI scheme for MSMEs, examines biz models

Seeks different schemes for firms with higher targets, and smaller ones