Following the pandemic, the footfall in Nehru Zoological Park in Hyderabad along with eight zoo parks and other forest parks in the State had reduced drastically.
In the stage II, shortlisted interested bidders will be provided with a request for proposal (RFP) and thereafter there will be a transparent bidding process, said a presentation by the ministry.
The clarification was issued in partial modification of instructions issued earlier amid confusion prevailing over registration of such properties in the wake of the LRS being implemented by the State government recently.
The commissioner of income tax (exemption) (CIT-E) had threatened to upend the decades-old ownership of Tata Sons by the trusts by alleging that such shareholdings are in violation of the income tax laws.
The report added that FDI outflows from South and South-West Asia increased for the fourth consecutive year, modestly growing from $14.8 billion in 2018 to $15.1 billion in 2019.
Subbarao said the second positive aspect he sees is India's federalism, which, "warts and all", has withstood the test of vigorous democracy though there were tensions between the Centre and the states on some issues such as GST compensation.
