The ED has also attached the registered office of the Madhucon group of companies and residential property at Jubilee Hills, Hyderabad New Delhi: The Enforcement Directorate (ED) has attached 28 immovable properties and other assets worth Rs 80.65 crore belonging to TRS MP Nama Nageshwar Rao and his family members... The post appeared first on .

New Delhi [India], February 1 (ANI) With an objective to reduce dependence on imports of defence equipment, India will earmark 68 per cent of its capital procurement budget of the defence sector for the domestic industry, Finance Minister Nirmala Sitharaman said on Tuesday.

Bhopal Jan 24 PTI The Madhya Pradesh government has formed a Special Purpose Vehicle SPV to properly manage the assets of the state and PSUs an official said on Monday The MP State Asset Management Company MPSAC will provide efficient management systems to the government for good management of unutilised assets and to enhance their structure and efficiency the official said The SPV would coordinate with the state government to hold these assets which would be monetised to fetch value to the exchequer The MPSAC will be focusing on the existing participative model for good management of unutilised assets the official said The decision to create the SPV was taken by the Madhya Pradesh cabinet in a meeting chaired by Chief Minister Shivraj Singh Chouhan recently he said The SPV would be registered as a company under the Companies Act with an initial authorized capital of Rs 1000 crore The initial paid-up capital would be Rs 10 crore The board of directors of the SPV includes the chief minister state chief secretary secretaries of government departments and managing director of Madhya Pradesh Rajya Praisampati Prabandh Company who will be the member secretary For proper management of government and public undertakings assets the SPV would be able to take the services of subject experts consultants and appoint transaction advisors having expertise in asset management the official added PTI MAS NSK NSK

New Delhi Nov 24 PTI The Union government on Wednesday approved the formation of a Special Purpose Vehicle SPV to privatise the electricity distribution business in the Union Territory of Dadra and Nagar Haveli and Daman and DiuA meeting of the Union Cabinet also approved the sale of equity shares of the newly formed special purpose vehicle or the company to the highest bidder and formation of trusts for serving employees liabilitiesThe Union Cabinet chaired by Prime Minister Narendra Modi has approved the formation of a company Special Purpose Vehicle to privatise the electricity distribution business in the Union Territory of Dadra and Nagar Haveli and Daman and Diu an official statement saidThe said privatisation process will fulfil the desired outcomes of better services to over 145 lakh consumers of the Union Territory operational improvements and functional efficiencies in distribution and provide a model for emulation by other utilities across the countryThis will further lead to an increase in competition and strengthen the electricity industry and will also lead to recovery of unrealised dues it saidIn May 2020 the Government of India had announced Atmanirbhar Bharat Abhiyan to make India self-reliant through structural reformsOne of the key measures planned was to reform the power distribution and retail supply in Union Territories through privatisation of the power distribution utilities for leveraging private sector efficiency in electricity distributionA single distribution company -- DNH-DD Power Distribution Corporation Limited -- would be incorporated as a wholly-owned government company and trusts shall be formed to manage the terminal benefits of the personnel transferred to the newly formed companyTransfer of assets liabilities personnel etc to the newly formed company will be done as per the Dadra and Nagar Haveli and Daman and Diu Electricity Reorganization and Reforms Transfer Scheme 2020 the statement said PTI ACB NSD NSD

Tata sons has won the bid over national carrier, Air India on Friday. The salt-to-software conglomerate placed a winning bid of ₹ 18,000 crore re-acquire the airline more than half a century after it ceded control to the government. Apart from 100 per cent stake in Air India and its low-cost arm, Air India Express, the winning bid also includes a 50 per cent stake in ground-handling company Air India SATS Airport Services Private Limited (AISATS).

Tata sons has won the bid over national carrier, Air India on Friday. The salt-to-software conglomerate placed a winning bid of ₹ 18,000 crore re-acquire the airline more than half a century after it ceded control to the government. Apart from 100 per cent stake in Air India and its low-cost arm, Air India Express, the winning bid also includes a 50 per cent stake in ground-handling company Air India SATS Airport Services Private Limited (AISATS).

Tata sons has won the bid over national carrier, Air India on Friday. The salt-to-software conglomerate placed a winning bid of ₹ 18,000 crore re-acquire the airline more than half a century after it ceded control to the government. Apart from 100 per cent stake in Air India and its low-cost arm, Air India Express, the winning bid also includes a 50 per cent stake in ground-handling company Air India SATS Airport Services Private Limited (AISATS).

Tata sons has won the bid over national carrier, Air India on Friday. The salt-to-software conglomerate placed a winning bid of ₹ 18,000 crore re-acquire the airline more than half a century after it ceded control to the government. Apart from 100 per cent stake in Air India and its low-cost arm, Air India Express, the winning bid also includes a 50 per cent stake in ground-handling company Air India SATS Airport Services Private Limited (AISATS).