"privatisation"

Chandigarh: Many residential and industrial parts of the city faced major power outages as employees of the Electricity Department went on a three-day strike from Monday night in protest against the privatisation of the department. Most of the places have been facing snapping of power since midnight. Even elective surgeries at the Government Medical College […]

New Delhi: Congress is planning to launch agitation against the Centre in January over rising unemployment and privatisation. The agitation committee of the party held a meeting, earlier on Wednesday, at 15 GRG in the presence of Digvijay Singh, Priyanka Gandhi Vadra, Udit Raj, Neeta D’Souza, BV Srinivas, Ragini Nayak. Congress party is building strategies […]

Hyderabad: Public Sector Banks (PSBs) will go on strike on December 16 and 17 protesting against the Union government’s move to privatise PSBs. The United Forum of Bank Unions (UFBU), an umbrella organisation of nine employee unions and associations in the banking industry, has given the call for the two-day strike. UFBU is opposed to […]

Peddapalli: Trade unions at Singareni Collieries Company Limited (SCCL) have decided to launch a 72-hour strike from December 9 across its coal mines in protest against the Central government’s decision to privatise four coal blocks. All the trade unions including national unions organised a meeting in Godavarikhani on Tuesday in this regard and formed a […]

Visakhapatnam: Congress leader Rahul Gandhi , who has already expressed solidarity with the steel workers’ agitation against privatisation of Visakhapatnam steel plant, would visit Andhra Pradesh soon, according to Congress Working Committee special invitee and former Union Minister Chinta Mohan. Talking to reporters at the Press Club here on Wednesday, he observed that the socialist […]

Employees and workers of Steel plant on Monday began a two-day protest demonstration at Jantar Mantar opposing the privatisation of the plant.

In an affidavit filed in the Andhra Pradesh HC, the Centre stated that privatisation of the plant would not be stopped

Earlier, NITI Aayog has submitted the names of a few public sector banks (PSB) and one public sector general insurer which can be sold off under the government's new privatisation policy.

Central Bank of India, Indian Overseas Bank, Bank of Maharashtra and Bank of India are some of the names that may be considered for privatisation by the Core Group of Secretaries on Disinvestment.

Fitch believes that political support in favour of legislative changes to the Act, which are required in order to go through with the sale, could be a significant hurdle for the government.

Changes on the regulatory side to facilitate privatisation would start after the Cabinet approval.

Though the tent and furniture was burnt at the protest camp in front of GVMC, no causalities were reported

The impact will be more if the government chooses to privatise the weaker banks, which are yet to be consolidated, Ind-Ra added.

However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike.

Sale of Airport Authority of India's (AAI) remaining stake in the four airports as also 13 more airports have been identified for privatisation in 2021-22 fiscal.

Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of the government's disinvestment plan.

The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation

"Even while the agitation to save Vizag steel plant is intensified, the minister's remarks tend to provoke Telugu people," CPM Visakhapatnam district secretary K Lokanadham said

CPI (Maoist) Telangana State Committee spokesperson Jagan alleged that the Modi govt was privatising profitable public sector companies to capitalist and corporate forces

In a statement, the AINBOF said privatization will primarily impact the general public only as the social objectives will be lost in the name of profitability.