Tag: Privatisation

The protesters made it clear that their agitation will continue till the Centre withdraws its decision on strategic sale of VSP.

India is 85 per cent dependent on imports to meet its oil needs, and a way to cut the high import bill is to increase domestic production. The government has also set a target to reduce dependence on imported oil by 10 per cent over the next few years.

Private parties will soon be able to lease and buy railway coaches to run theme-based cultural, religious and other tourist circuit trains, according to a policy being formulated by the Indian Railways.

Angul: Protesting Centre’s disinvestment plan, National Aluminium Company Ltd (Nalco) employees today launched a 24-hour strike bringing the operations to a grinding halt. The operations at smelter plant and the captive power plant of profit-making Public Sector Undertaking (PSU) have been virtually paralysed as workers, engineers and executives belonging to different unions of the company […]

New Delhi: Government will start consultations soon with Niti Aayog and Energy and Petroleum Ministries to bring down its equity holding below 51 per cent, including change of norms and modes of doing the stake dilution in very few select PSUs to begin with. At the initial stage it will be 2-3 PSUs where government […]

New Delhi: It may still be a long road ahead for privatisation of public sector oil refiner Bharat Petroleum Corporation Ltd (BPCL). The possibility of legal challenge over any plan to sell the government stake in the oil PSU has pushed executives and government officials to seek fresh legal opinion on the proposed disinvestment move. […]

Bhubaneswar: Opposing the privatisation of Neelachal Ispat Nigam Limited (NINL) and demanding immediate resumption of operations, the Neelachal Banchao Milita Mancha and Central Trade Union have asked Odisha government to make investments to revive the factory. Senior Congress leader Ramachandra Khuntia suggested that the State government may also consider merging NINL with companies like SAIL, […]

Bhubaneswar: Protesting privatisation of the Central Electricity Supply Utility of Orissa Limited (CESU), members of Employees Worker Engineers Ekata Mancha today staged demonstration and held a rally in Bhubaneswar. As per reports, the rally was organised from Sailashree Vihar to the office of Orissa Electricity Regulatory Commission (OERC) in Bhubaneswar. The protesting employees alleged that […]

New Delhi: Civil Aviation Minister Hardeep Singh Puri has reassured Air India’s employees that the passenger carrier will remain operational till its privatisation process is complete, one of the airline’s unions said on Thursday. Puri was speaking at a meeting with Air India’s employees’ unions here on Thursday. The Indian Commercial Pilots’ Association (ICPA), one […]

New Delhi: Government is confident that the strategic sale of Bharat Petroleum Corporation Ltd (BPCL) may go through without any further need to extend the bidding deadlines. The deadline for submitting the Expressions of Interest (EoI) for 52.98 per cent stake in the BPCL will end on July 31. BPCL disinvestment has received interest from […]