Plan and Policy

Plan & Policy

AI floats tender to sell Nariman Point tower

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.

Uncertainty over board meet

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.

A Suave Patel gave up as govt was turning nastier by day

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.

Guv Patel exits amidst liquidity firestorm

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.

Opposition leaders to discuss prospects of anti- BJP front at today’s meet

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.

Poll reverses unlikely to lower BJP pressure on Cong

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.

Telcos struggling to survive cash crunch

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.

Excerpts:

GST on ACs, colour TVs to be cut to 18%

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.

Pages