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Privatisation News

06 Jan 2023

FACT CHECK: Is Niti Aayog planning to privatise some public sector banks?

Press Information Bureau called those media reports fake that claimed NITI Aayog released the list of public banks going to privatisation. PIB in its press release on Friday said that no such list as mentioned in the media reports has been shared by NITI Aayog in any form. Some media reports were circulating in the past claiming that NITI Aayog had released the list of public banks that are going to become private.

14 Apr 2022

Centre could privatise 5 companies by 2022; Check firms' names

The Central government had a disinvestment target of Rs 1.75 lakh crore for FY22. The government is likely to disinvest BPCL, RINL and Pawan Hans. The Centre has also received three bids for Pawan Hans.

Ashwini Vaishnaw

02 Dec 2021

Indian Railways not for sale, won’t be privatised, says Ashwini Vaishnaw

The minister said that the Centre is not working on any privatisation plan for Indian Railways. He added that Railways is a huge and complex system. He listened to the direct feedback from passengers and tea stall vendors.

Banking Laws (Amendment) Bill

25 Nov 2021

Centre to amend banking laws to facilitate privatisation of two PSU banks

The Banking Laws (Amendment) Bill, 2021, is expected to bring down the minimum government holding in the PSBs. The bill will facilitate the privatisation of two public sector banks (PSBs). The bill will be introduced in the upcoming Winter Session.

Finance Ministry

17 Oct 2021

FinMin to seek Cabinet nod for setting up firm to monetise CPSE-owned lands

A special purpose vehicle (SPV) in the form of a company would be set up. The firm will hold these assets which would be monetised to fetch value to the exchequer.

Indian Railways

10 Oct 2019

Railways forms empowered group to privatise 150 trains, develop 50 stations

The Railway Board took the step after Niti Aayog Chairman wrote to its Chairman V K Yadav proposing the formation of an empowered group to start this process.

Indian Railways

10 Oct 2019

Centre starts process to privatise 50 railway stations, 150 trains

Niti Aayog CEO Amitabh Kant has written a letter to Railway Ministry informing about the Centre's decision to give 150 trains and 50 railway stations to private companies.

Defence Ministry

17 Aug 2019

No plans to privatise ordnance factories: Defence Ministry

The government on Saturday denied reports about the privatisation of ordnance factories across the country in a response to workers who have threatened to launch a 30-day strike from August 20.

31 Mar 2018

Air India sale a scam in the making, I am watching the deal: Subramanian Swamy

Swamy has threatened to file a complain if he finds anything wrong with the deal.

29 Mar 2018

UPA made the Maharaja a beggar: NDA Minister on Air India sale

He said the airline would be kept independent after the stake sale.

17 Nov 2017

AAP govt has checked privatisation of education sector: Arvind Kejriwal

Delhi Chief Minister Arvind Kejriwal on Friday said his government kept under check the mushrooming of private schools by setting up state-run institutions that imparted quality education to poor children free of cost.

30 Jun 2017

Shiv Sena hits out at BJP on Air India privatisation decision

NDA ally Shiv Sena on Friday came down heavily on the Centre over its decision to privatise national carrier Air India, saying had such a decision been taken by the previous Congress-led UPA government, the BJP would not have spared it.

Economic Survey

31 Jan 2017

Economic Survey 2017: Still commitment to make the "perennially unprofitable public sector airline" 'world class' entity

Acknowledging difficulties in privatisation efforts for public enterprises, the Economic Survey on Tuesday said there is still a commitment to make the "perennially unprofitable public sector airline" a 'world class' entity.

Indian Railways

03 May 2015

No privatisation of Railways: Suresh Prabhu

Notwithstanding recommendation by government panels, Railways Minister Suresh Prabhu has outrightly ruled out privatisation of the public transporter, saying it was a "bogey" being raised by those who do not want any change.

12 Apr 2015

Talk of privatising Air India too premature: Board

Any talk of privatising Air India would be "premature" at this stage even as there is a need to re-visit its Turnaround Plan (TAP) in view of the changing micro-economic situation, top sources in AI Board have said.

13 Mar 2015

Govt rules out privatisation of BSNL, MTNL

Government Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health.

Airports Authority Employees Union

16 Feb 2015

AAI employees call for nationwide strike to protest privatisation of airports

The Airports Authority Employees Union (AAEU) has called for a nationwide strike on March 11 to protest against the privatisation of airports by the government.

05 Nov 2014

Arun Jaitley promises more reforms, privatisation of sick PSUs

Finance Minister Arun Jaitley Wednesday promised reforms in labour, land acquisition and insurance laws and expressed readiness to look at privatisation of some loss-making public sector companies.

Govt stake sale

30 Aug 2014

Govt stake sales in state companies in 2-3 months: official

India will sell part of the government`s stake in some state-run companies in the next two to three months, Finance Secretary Arvind Mayaram said on Saturday, without naming any company.

10 Aug 2014

Disinvestment process is progressing as scheduled: Jaitley

Eyeing Rs 58,425 crore this year by selling government stake in PSUs, Finance Minister Arun Jaitley on Sunday said that disinvestment process is on schedule.

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