LIC picks up a third of Nalco shares divested by govt - The Economic Times
While JNU Jackb*itches have approved the FSB. Congrats Republic of India for one more Billion Poors in the next decade:
Food Security Bill: 2/3rd of population to get foodgrain at Rs 1-3/kg - The Economic Times
Government to sell 5.8 percent in SAIL via stake auction on Friday | ReutersThe government had on March 15 raked in over Rs 620 crore through sale of its six per cent stake in the Odisha-based aluminium producer Nalco.
Disinvestment in Oil India, NTPC soon - The HinduThe government will sell 240.4 million shares, or a 5.82 percent stake, in state-owned Steel Authority of India Ltd (SAIL.NS) through an auction on March 22, the steel ministry said on Wednesday.
At the current market price, the stake sale is worth about $290 million.
Divestment: Govt expects Rs 21k cr from Coal Indiathe government plans to divest 10 per cent stake in Oil India, which could fetch around Rs 2,700 crore at the prevailing market price.
Besides, a 9.5 per cent stake sale in NTPC could reap over Rs 12,000 crore for the exchequer
While NMDC issue had fetched Rs 6,000 crore, stake sale in Hindustan Copper yielded Rs 808 crore for the government.
Earlier, the government had realised Rs 154 crore from NBCC initial public offering.
While the Congress Thugs:Riding on the crest of its successful PSU disinvestment this year, the government is planning to begin the divestment process early for the next fiscal and may hit the market with the big ticket divestment of Coal India through which it is expected to garner over Rs 21,000 crore.
Government hasn't paid back Rs 2000 crore to exporting firms since January, say exporters - Economic TimesThe government has not paid back around Rs 2000 crores to exporting firms since January under an incentive scheme, claim irate exporters, accusing the tax authorities of going slow on refunds in their desperation to meet the fiscal deficit target.
"The government has withheld duty drawback refunds across sectors for the past 45 days to shore up its revenues for the fiscal," said Ajay Sahai, director general and CEO, Federation of Indian Export Organization.
While JNU Jackb*itches have approved the FSB. Congrats Republic of India for one more Billion Poors in the next decade:
Food Security Bill: 2/3rd of population to get foodgrain at Rs 1-3/kg - The Economic Times
The Cabinet has cleared the Food Security Bill to provide subsidised rice, wheat and cereals to two-thirds of the country's population, or 800 million people.
The extra burden on the food subsidy would be about 20,000 crore
The total food subsidy to cover expenditure for its Food Security Bill is expected to be 1.3 lakh crore.
This Crapsh!t will set aside Indic Civilization by atleast 50 Years!The budget puts spending on food subsidies for 2013-14 at 90,000 crore with Finance Minister P Chidambaram announcing that he would set aside an extra 10,000 crore for the bill.