Decision on restarting the process to be taken in due course post review
Govt must develop capacity for privatisation
Majority of bidders expressed inability to participate in the privatisation, says govt
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An entity, which is disqualified, will not be allowed to participate merely because it has filed an appeal against an adverse order
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One path waits for the company to go bankrupt while the other continues to subject it to government whim, writes T N Ninan
Privatisation of BPCL, which was dubbed India's biggest ever, has been stalled with just one bidder left in the fray after two others walked out over issues such as lack of clarity in fuel pricing
This is the second instance where a disinvestment exercise has been put on hold after completion of the process due to allegations against the reputation of the winning bidder
The Ministry of Ports, Shipping and Waterways could award projects worth only Rs 1,000 crore in FY22, achieving barely 14% of the target
Four general insurers have decided to restructure the organisation towards profitable growth and have called for Request for Proposal (RFP) from consultancy firms
The transition towards green and renewable fuel has made privatisation difficult in existing terms: Official
The minister said there is an imperative need to flex the technology to meet the goal of Aatmanirbhar Bharat in order to make progress
The sale would also involve transfer of management control in the PSU which is a 100 per cent subsidiary of state-owned MSTC
Opposition members declared support to the two-day nationwide strike call given by a group of trade union against the privatisation policies pursued by the government
Referring to the new initiatives, he said that the Ministry has planned to roll out 75 Vande Bharat trains till 2024
Kharge said 2.65 lakh posts in the railways are lying vacant whereas 3.18 lakh people are employed on daily wages and 9.67 lakh posts are regularised.
The book presents a detailed chronological timeline of privatisation in the country
The Cabinet Committee on Economic Affairs had in May last year given in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank
The last date for putting bids is April 4.