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Air India unions to demand VRS package in meet

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Air India trade unions are likely to demand a VRS package at their second meeting with Minister of State for Civil Aviation Hardeep Singh Puri in New Delhi on Monday.

Expenses that could have avoided in the economic slowdown but still...

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The amount of fiscal deficit has an account of 1.5 trillion which is quite high. Various steps have been taken to overcome this deficit amount including Privatization, reduction in corporate tax and much more. But in the shade of overcoming the fiscal deficit, extravagance is also going on full mode. Here are a few moves that led to huge expenses but were not necessary to be taken not at least at the time of the economic crisis.

Privatization to aid fiscal deficit is on full swing under the...

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As a result, these demons showed India a fiscal deficit of 1.05 trillion. But the Modi government to overcome this introduced reduction in Corporate Tax rate from 30 to 20% to boost investment nature in the economy. According to the government, this will encourage people to invest but you cannot force anyone to invest his saved money. And this added a few more crores to the fiscal deficit number. It also lowered the tax rate for new manufacturing companies to 15% to attract foreign investment but this move dint worked well too.

‘Amdani Atthani, Kharcha Rupaiya’ explains well the reason for privatization in...

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The Modi government after trying all juggles has decided an initiate a privatization program. Under this program, the government will sell its entire stake in the second-largest state refiner- Bharat Petroleum Corp and the largest shipping company, Shipping Corp. of India Ltd. It has also declared to sell control on 30.8% shareholding in Container Corp which has almost monopoly on railway freight. Along with them, Air India will also be put on sale and the government would pay for the airline’s hefty debt to make a sale attractive. 

Modi Led BJP Government may sell 51.5% stake in Indian Oil...

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The government plans to reduce its stake in Indian Oil, the country's largest oil refining company, to less than 51 per cent. However, the government and its companies will retain control over IndianOil.

Government, floated bids to sell stake in these three companies including...

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The central government is going to sell stakes in three other state-owned companies after BPCL, the country's second largest oil company. The government has invited bids for this. The companies for which bids have been called include Indian Railways' company Concor.

150 Trains and 50 Railway Stations Under Phase One Privatization

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A letter from Niti Aayog CEO Amitabh Kant to V. K. Yadav Chairman, Railway Board to constitute an Empowered group for fast track privatization....
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