PM to visit Assam, West Bengal on Feb 7 ANI | Updated: Feb 05, 2021 20:04 IST
According to the Prime Minister Office, during his visit to Assam, he will launch Asom Mala in Sonitpur at around 11:45 am and will lay the foundation stone of two medical colleges and hospitals which are being set up at Biswanath and Charaideo.
The estimated cost of the new medical colleges and hospitals which are being set up at Biswanath and Charaideo is over Rs 1100 crore. Each hospital will have a 500-bed capacity and 100 MBBS seat capacity, PMO said.
Later at 4:50 pm, PM Modi will dedicate to the nation the LPG import terminal built by Bharat Petroleum Corporation Limited and will lay the foundation stone of key infrastructure projects in West Bengal s Haldia.
The Narendra Modi government has set its sights on an aggressive plan to sell its equity holdings in State-owned enterprises from which it hopes to rake in Rs 1.75 trillion. Last year, the Centre had hoped to raise even more Rs 2.1 trillion but found itself blind-sided by a pandemic. The setback scuppered the elaborate plans to deliver on a massive privatization drive that had been unleashed in November 2019 when the Centre crossed the Rubicon by deciding in principle to lower its stake in public sector enterprises below 51 per cent. The Centre has significantly widened the scope of its privatization plan by unveiling a new policy for strategic disinvestment a promise that the finance minister, Nirmala Sitharaman, had made when she announced the Atmanirbhar package of reforms last year. Only four areas are considered to be of strategic importance: atomic energy, space and defence; transport and telecommunications; power, petroleum, coal and other minerals; and banking, insuranc
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New Delhi: The Narendra Modi government is hopeful of privatising national carrier Air India and oil marketing firm Bharat Petroleum Corporation Limited (BPCL) by the first half of 2021-22.
However, the initial public offering (IPO) of India’s largest insurance company Life Insurance Corporation of India (LIC) is likely to take place only after October 2021 as the government prepares the groundwork for a successful listing, said Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management in the Finance Ministry.
In an interview with ThePrint a day after Finance Minister Nirmala Sitharaman announced the government’s intent to privatise majority of the state-owned companies, Pandey said the privatisation policy will be implemented over the next few years.
The Modi government is banking on the initial public offer of the Life Insurance Corporation and the strategic sales of Bharat Petroleum Corporation Limited and Air India to meet its ambitious disinvestment target of Rs 1.75 lakh crore for the next fiscal.
“It is quite an ambitious target, but a realistic target and we believe it is achievable. Last year’s situation due to the Covid-19 pandemic cannot be compared with this year as the environment now is quite different and things are much better,” disinvestment secretary Tuhin Kanta Pandey told The Telegraph.
“The divestment target includes the LIC initial public offer (IPO) which would be a fairly large transaction, though the size we do not know,” he said.
RSS-linked bodies ask Centre to reconsider FDI, divestment decision
By IANS |
Published on
Tue, Feb 2 2021 13:33 IST |
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Foreign Direct Investment Confidence Index. Image Source: IANS News
New Delhi, Feb 2 : The Bharatiya Mazdoor Sangh (BMS) and Swadeshi Jagran Manch (SJM), which work in the economic sector affiliated with the Rashtriya Swayamsevak Sangh (RSS), have reacted cautiously to the General Budget presented by the Modi government.
Decisions such as boosting the economy by spending huge sum of money on basic resources in the country have been appreciated by the Sangh organisations, while raising concerns about the government s decision to increase foreign direct investment (FDI) and privatisation and disinvestment of public sector companies. The Sangh organisations demanded the government introspect over this decision.