Page 21 - Government Of India

Govt to soon invite bids for IDBI Bank privatisation: DIPAM Secretary

DIPAM Secretary Tuhin Kanta Pandey on Wednesday said the department is working on the Expression of Interest (EoI) and would soon invite preliminary bids from investors for the privatisation of IDBI Bank. The Cabinet Committee on Economic Affairs gave in-principle approval for strategic disinvestment and transfer of management control in IDBI Bank in May 2021. Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corporation of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. "We have been at it for quite some time. It is also a first of its kind transaction where through a bidding route we will be privatising a bank. Both government and LIC put together hold 94 per cent in IDBI Bank," he said while addressing 'FICCI CAPAM 2022 - 19th Annual Capital Markets Conference'. As the bank has come out of the Prompt Corrective Action (PCA) framework, he said its performance has improved which would generate greater interest among ...

India warming up to vast potential of crowd-funding for healthcare

Of the 1.3 million active patients in India, around 890,000 have given consent to be up for adoption

Finance Minister Sitharaman nudges India Inc to clear unpaid dues of MSMEs

Nirmala Sitharaman said it is encouraging that larger companies are including amounts owed to MSMEs in annual statements

Prison resources inadequate despite 24% jump in budget allocation in 5 yrs

In 2021, govt spent Rs 1,624.4 crore, or 77%, on undertrials alone

Govt makes first disbursement under PLI scheme, Delhi firm to get Rs 52 cr

Dixon Technologies getting money after international companies expressed concern about scheme due to delays in disbursement

Managing inflation can't just be left to RBI: FM Nirmala Sitharaman

'Monetary and fiscal policies have to work in tandem; importing Russian oil part of inflation management'

PFC's power drive flickering under record debt burden, govt scheme

The state-run financer for generators and distributors is struggling under a record debt burden even as it is being asked to underwrite the government's latest scheme to rescue inefficient discoms

Govt insensitive to pain of common people, alleges Congress ahead of rally

The Congress on Saturday accused the Centre of being "insensitive" to the pain of the common people due to rising prices and said it will continue fighting for their cause on the streets as the principal opposition. Speaking with the media ahead of the 'Mehngai par halla bol' rally of the party at the Ramlila Maidan here on Sunday, General Secretary (Organisation) K C Venugopal hit out at the Modi government for its "wrong policies" and alleged it was busy "buying MLAs" and toppling Opposition governments. "This government is totally insensitive. You can compare the prices, from 2014 to 2022, how the prices of essential commodities have shot up," said Venugopal, flanked by Congress general secretaries Jairam Ramesh and Ajay Maken at the Ramlila Maidan here. The Congress has been raising the issue on the streets, protested with a Black Day in August when several leaders, including Rahul Gandhi and Priyanka Gandhi Vadra, courted arrest, and also pressed for a debate in Parliament on t

DFCC pins hopes on new Maharashtra govt approval for stuck freight corridor

Previous government had banned earthwork for project, following an order by Pune Bench of NGT

Coal companies to bring more than 2,400 ha area under green cover this year

Coal companies are hopeful of beating this year's target of bringing more than 2,400 hectares of area in and around coalfields under green cover by planting more than 50 lakh saplings, the government said on Tuesday. Greening initiatives of the coal sector will help generate an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through additional forest and tree cover by 2030. Greening drive is in full swing in coal mining areas and about 1,000 Ha of land has already been covered through block and avenue plantation, grassland creation, bamboo plantation and high-tech cultivation by August 15. "With the achievements made so far, coal companies are confident of surpassing this year's greening targets," the coal ministry said in a statement. Coal companies have not only met the increasing energy demand of the nation at the current time of global energy crisis but also shown their sensitivity and carefulness towards the environment. The companies have adopted several

Govt asks Byju's to explain delay in filing audited financial accounts

Ministry of Corporate Affairs sent a letter to Byju's parent company asking them to explain the seventeen-month delay in filing audited accounts

Malware found in 5 phones, not established if it's Pegasus spyware: SC

Govt didn't cooperate with independent committee's investigation, says three-judge bench

Fuel price: What is windfall gain tax and how it affects fuel prices?

What is windfall gain tax? How does it impact petrol-diesel prices? Which countries impose it? Read this detailed article to know everything about fuel and its relation to windfall gain tax

What is PMLA Act? Money laundering, law statement and objectives

What is the Prevention of Money Laundering act and how does it affect a nation? Read this article to understand money laundering, the PMLA act, objectives of the PMLA act, FATF and everything

India must invite component makers first before OEMs: R C Bhargava

Foreign investment will come readily if the supply chain already exists, says Maruti Suzuki chairman

What is 1988 Benami Property Act and Benami Transaction Amendment Act 2016

Supreme Court termed 'The Benami Act' unconstitutional. What is the 1988 Benami property act? What is the Benami Transaction Amendment Act 2016? Why is it unconstitutional? Read to know everything

Twitter trashes ex-worker's claim that India forced it to hire 'govt agent'

Former Twitter security head Peiter "Mudge" Zatko has alleged that the Indian government forced the micro-blogging platform to hire a "government agent" and allow him access to users' sensitive data

Banks must ensure credit schemes reach eligible citizens: FM Sitharaman

'Difficult situation' caused by unintended people getting benefits of credit programmes now over, she says

Centre signs headquarters agreement with CDRI, enables international status

The Coalition for Disaster Resilient Infrastructure (CDRI) and the Government of India (GoI) signed a headquarters agreement on Monday in New Delhi.The agreement will enable the status of an 'Independent and International Legal Entity' for CDRI.The agreement was signed by Amit Prothi, Director General, CDRI and Noor Rahman Sheikh, Joint Secretary, Ministry of External Affairs, and will enable the institution to pursue functions internationally with all rights, immunities, and privileges, as per the United Nations (Privileges & Immunities) Act, 1947.Addressing the event, PK Mishra, Principal Secretary, Prime Minister's Office, Government of India and CDRI Governing Council Co-chair said, "It is a landmark moment for CDRI, to be recognized as an independent international organization, with a Charter endorsed by 31 countries and eight international organisations in less than two years. This will further enable the organization to fulfill its commitments and engagements on the ...

J&K: On the cusp of change, but challenges remain for political parties

The unstated premise is that existing political parties will now face a big challenge - both from locals and 'outsiders'