Air India has floated tender for the sale of its iconic 23-storey tower at Nariman Point in Mumbai. Only government entities are allowed to participate in the bidding for acquiring leasehold rights of the land and building on “as is where is basis.” “Air India invites sealed bids from government entities for sale of leasehold rights of the land, and its iconic Air India building constructed hereon at Nariman Point, Mumbai, on as is where is basis,” the tender said. As per the tender issued in leading newspapers, the interested parties can submit their bids by end of this month.
Plan and Policy
Plan & Policy
The fate of the December 14 central board meeting could hang in balance with the shock resignation of Reserve Bank of India governor Urjit Patel as the governor chairs that meeting and has a casting vote for any resolution to take place. Sources say the government would soon start the process to find a replacement for Patel. The choice, they say, could ultimately fall on either the just retired revenue secretary Hashmukh Adhia or former department of economic affairs secretary Shaktikanta Das.
RBI governor Urjit Patel's resignation on Monday, ahead of the December 14 second central board meeting, has come as a real shocker as the strain was thought to be over after he survived the first meeting on November 19. It’s a different thing that it was also most anticipated following the endless skirmishes between the central bank and the Narendra Modi government on various issues.
RBI governor Urjit Patel resigned suddenly on Monday from his post, following a public spat with prime minister Narendra Modi’s government about alleged interference.
The RBI governor cited “personal reasons” for his decision, but the fact that he was annoyed by repeated government efforts to influence the central bank’s policy had become an open secret.
The national capital will set the stage for a major event on Monday with all the Opposition leaders converging to discuss formation of a grand alliance to take on the BJP in the 2019 Lok Sabha polls. The meeting, which will be co-ordinated by Andhra Pradesh chief minister and TDP leader N Chandrababu Naidu, will be attended by heads of non-BJP parties as well as chief ministers from Kerala, Punjab and Puducherry. The leaders are expected to chalk out a future course of action for forming a non-BJP front.
Irrespective of the outcome of the five assembly elections, the battle lines have already been drawn for the grand finale in 2019 with issues like Robert Vadra's alleged murky business deals, Christian Michel's deposition in the Agusta Westland corruption case or the prospects for the return of tycoon Vijay Malaya expected to keep the political pot boiling for a while.
Former chief economic adviser Arvind Subramanian on Sunday warned the Indian economy was in for a slowdown for some time as agriculture and financial system were under stress.
Cash-strapped state telco MTNL has received a Rs 120 crore lifeline from Department of Telecom recently to help it pay the salary of its staff for the month of November, reflecting the worsening financial position of the PSU.
The telecom sector is passing through one of its toughest phases as service providers struggle to survive. It’s not a question of making profits, but survival in an atmosphere of consolidation and brutal competition. Director general of the Cellular Operators Association of India (COAI) Rajan Mathews in an interview with Anjana Das spoke about problems of debt, low profitability and losses in the sector.
Moving closer to fewer rates in the new indirect tax regime, the GST council may shift more items such as bigger colour televisions, ACs and dishwashers to the 18 per cent slab, leaving only luxury and sin products in the peak rate of 28 per cent.