By:
On:
In: International News
With: 0 Comments

The finance ministry is expected to soon seek cabinet approval for amendments to the Banking Regulation Act, 1949, and possibly other legislation as it kickstarts the process to privatise two state-run lenders. The proposed changes could include the removal of the 20% foreign investment cap applicable to public sector banks in these two cases, a…Continue Reading

Air India privatisation reflects government resolve to bite reform bullet: Confederation of Indian Industry

By:
On:
In: Uncategorized
With: 0 Comments

‘This impetus was much required as government is lagging in its disinvestment plans’ The Confederation of Indian Industry on Monday said privatisation of national carrier Air India sends out a clear message to the markets and global investors that the Centre has the political will to bite the reform bullet. The chamber said the time…Continue Reading