privatisation

Employees protest OTDC privatisation move  

The association members submitted a memorandum to the Chief Minister recently alleging the privatisation will rob 1,000-odd workers of employment.

published on : 22nd September 2021

Government sticks to September 15 deadline for putting financial bids for Air India

Salt-to-software conglomerate Tata Group was among the 'multiple' entities that had put in preliminary bids for buying loss-making Air India in December last year.

published on : 8th September 2021

BPCL privatisation may get delayed over bidder delay, process complexity: Fitch Ratings

Affirming BPCL's rating at 'BBB-' with a negative outlook, Fitch said that it continues to treat the potential divestment of the company by the Indian government as an event risk.

published on : 6th September 2021

Reconsider decision to privatise PSUs: Tamil Nadu CM MK Stalin to PM Narendra Modi

Stalin also pointed out that the Union Government could take such decisions only after consulting the State governments as well as those connected with the PSUs.

published on : 4th September 2021

Modi government mishandled economy, alleges Rahul Gandhi

Rahul said the Congress was not against privatisation but its privatisation plan had a logic.

published on : 2nd September 2021

10-km long human chain formed to protest against Visakhapatnam Steel Plant privatisation

Anakapalle MP B Satyavati said that all MPs from the State will strive for the protection of the steel plant. She said they will collect signatures of 100 MPs against the privatisation.

published on : 29th August 2021

Assets belong to country; BJP or Modi don't own them: Mamata on National Monetisation Pipeline

Trinamool Congress supremo Mamata Banerjee alleged that the money raised by selling those assets will be used during elections against opposition parties.

published on : 25th August 2021

Union government mulls permitting foreign investment in LIC

Up to 74 percent foreign investment is permitted under the automatic route in the insurance sector, according to the current FDI policy, which doesn't apply to the Life Insurance Corporation of India.

published on : 24th August 2021

Tata Steel evinces interest in acquiring Vizag plant

Tata Steel CEO’s statement that the company is interested in acquiring RINL, drew sharp criticism from the Visakha Ukku Parirakshana Porata Committee, which is spearheading the agitation.

published on : 18th August 2021

Advisers on RINL sale will not be allowed inside plant, says Vizag steel workers' panel

Despite the inclement weather, the steel plant workers started gathering even before 8 am and joined the porata committee leaders who staged a sit-in.

published on : 18th August 2021

Ukku panel may stage dharna against Visakhapatnam Steel Plant privatisation

Visakha Ukku Parirakshana Porata Committee chairman D Adinarayana said the government should know the ground reality that it cannot sell the plant without the consent of the workers and people.

published on : 14th August 2021

Privatisation of public sector companies back on track after COVID-induced setback: DIPAM Secretary

He said these companies got sufficient interest from bidders and are now at the due diligence and financial bidding stage.

published on : 11th August 2021

Air India accumulated losses about Rs 70,820 crore till March 31, 2020

The rather successful airline's fortunes turned after its merger with the domestic flight operator Indian Airlines.

published on : 4th August 2021

Won’t allow sale of Visakhapatnam Steel Plant: YSRC MPs

Leaders demand that loans be converted to equity, allocation of captive iron ore mines to VSP

published on : 3rd August 2021

Lok Sabha passes bill to amend general insurance law without debate paving way for privatisation

Sitharaman sought to counter the criticism by stating that private sector companies were providing better insurance to people at a lesser premium.

published on : 2nd August 2021
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