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The govt is looking to divest Alliance Air and Air India Engineering services simultaneously. Civil aviation secretary Rajiv Bansal has said that the Department of Investment and Public Asset Management may invite expressions of interest from bidders very soon

Centre looks to divest Alliance Air & AI Engineering Services 

EoI for Alliance Air, AI Engg Services soon: Civil aviation secretary

The govt is looking to divest Alliance Air &amp; Air India Engineering services simultaneously. Civil aviation secretary Rajiv Bansal said that the Department of Investment and Public Asset Management (DIPAM) will invite expressions of interest from bidders soon

The government is preparing to privatise the low cost carrier Alliance air and India's largest MRO (Maintenance, Repair and Overhaul) player Air India Engineering services, simultaneously.&nbsp;
"The process of disinvestment of both the companies will be done simultaneously. Expressions of interest (EoIs) will be invited by the government in due course", Rajiv Bansal, civil aviation secretary said while speaking at the CAPA India Aviation Summit.&nbsp;
Bansal mentioned that the first and second steps of holding roadshows for the divestment of AIESL and the second step of approval from the group of ministers are completed. The final approval from the Alternative Mechanism for Disinvestment, a top ministerial panel, is awaited following which the expressions of interest will be invited, as per a report by Financial Express&nbsp;
AIESL, AIASL, and AAAL were subsidiaries of Air India when the government owned it. However, they were not part of Air India's privatisation. The Tata group took control of Air India from the government in January last year.
The divestment of Alliance Air has been in the works since the middle of last year but there hasn&rsquo;t been any formal EOI so far.

Finance Minister Nirmala Sitharaman&nbsp;unveiled&nbsp;the Governments' National Monetisation Pipeline (NMP) which is an ambitious plan to monetise infrastructure assets for generating funds over the next 4 months. Under the&nbsp;National Monetisation Pipeline the Govt will sell ₹&nbsp;6 lakh crore worth of infrastructure assets, including railway stations, national highways, mobile towers, stadia, railway stations as well as&nbsp;power grid pipelines and airports.&nbsp;

FM presents National Monetisation Pipeline: Get all the details for the Govt's Rs 6 lakh cr funding feast

FM presents National Monetisation Pipeline: Get all the details for the Govt's Rs 6 lakh cr asset sale as the centre gives Public Private Partnership (PPP) a full facelift. FM reiterates that there is 'fire sale' ownership stays with government.&nbsp;

Govt's Mega Infra Sale

<h2 class="sp-descp">National Monetisation Pipeline has been designed to attract more investors to the country and encourage alternative financing.</h2>

Finance Minister Nirmala Sitharaman&nbsp;unveiled&nbsp;the Governments' National Monetisation Pipeline (NMP) which is an ambitious plan to monetise infrastructure assets for generating funds over the next 4 months. Under the&nbsp;National Monetisation Pipeline the Govt will sell ₹&nbsp;6 lakh crore worth of infrastructure assets, including railway stations, national highways, mobile towers, stadia, railway stations as well as&nbsp;power grid pipelines and airports.&nbsp; The top 3 sectors to be monetised will road, railways and power said Amitabh Kant.&nbsp;CEO of NITI Aayog. Here are the details of what's part of the government's monetisation plan. The govt has identified&nbsp;&nbsp;Rs 1.6 lakh crore worth national highways that will be put up for auction. The railways will also help keep funding on track&nbsp;where stations, trains will be monetised by the central govt. 25 airport projects and even 2 national stadiums are also part of mega funding plan for North Block through the National Monetisation Pipeline.&nbsp; The Finance Minsiter&nbsp;was quick to remind the audience that this asset sale does not represent a fire sale or a desperate need for funds but a partnership where the ownership of the asset does not transfer and continues to stay with the government.&nbsp;&nbsp;

Lok Sabha&nbsp;on Monday passed a bill to amend the general&nbsp;insurance&nbsp;law to allow the government to pare its stake in state-owned insurers.&nbsp;The amendment in the General Insurance Business (Nationalisation) Act, 1972 is to facilitate privatisation of one general insurance company in the public sector which has met a lot opposition from PSU&nbsp;employees as well as other political parties.&nbsp;
The Finance Minister in the Budget 2021-22 had announced a big-ticket privatisation agenda which included two&nbsp;public sector&nbsp;banks and one general insurance company.
As of date, there are four general insurance companies in the public sector - National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and the United India Insurance Company Limited. Unconfirmed reports suggested that the NITI Aayog&nbsp;had recommended United India Insurance Company as one of the potential candidates for privatisation.&nbsp;Even with bill passed it is unlikely that the sale will be wrapped up in this fiscal year as per experts as&nbsp;given the challenges in identifying suitable buyers and making sure that no downsizing at the public sector outfit takes place, the process is likely to be lengthy.&nbsp;

Lok Sabha passes bill allowing govt to reduce stake in insurance companies, privatisation path paved

Path to privatisation paved for govt, Lok&nbsp;Sabha&nbsp;passes bill allowing govt to sell stake in insurance companies

The PSU Sale ! 

<ul>
<li>Lok Sabha&nbsp;passes bill paving way to privatise national insurance companies&nbsp;</li>
<li>Govt looking to privatise two&nbsp;public sector&nbsp;banks and one general insurance company.</li>
<li>India has 4 general insurance companies, likely to privatise United India Assurance as per unconfirmed reports&nbsp;</li>
<li>Stake sale in insurance company unlikely to happen this year due to lengthy process</li>
</ul>

<h2 class="alternativeHeadline">General Insurance Business (Nationalisation) Amendment Bill, 2021, will allow private participation in public sector insurance companies</h2>

Lok Sabha&nbsp;on Monday passed a bill to amend the general&nbsp;insurance&nbsp;law to allow the government to pare its stake in state-owned insurers.&nbsp;The amendment in the General Insurance Business (Nationalisation) Act, 1972 is to facilitate privatisation of one general insurance company in the public sector which has met a lot opposition from PSU&nbsp;employees as well as other political parties.&nbsp;
The Finance Minister in the Budget 2021-22 had announced a big-ticket privatisation agenda which included two&nbsp;public sector&nbsp;banks and one general insurance company.
As of date, there are four general insurance companies in the public sector - National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and the United India Insurance Company Limited. Unconfirmed reports suggested that the NITI Aayog&nbsp;had recommended United India Insurance Company as one of the potential candidates for privatisation.&nbsp; Even with bill passed it is unlikely that the sale will be wrapped up in this fiscal year as per experts as&nbsp;given the challenges in identifying suitable buyers and making sure that no downsizing at the public sector outfit takes place, the process is likely to be lengthy.&nbsp;

With a focus on the mega LIC&nbsp;IPO&nbsp;scheduled for this fiscal, the govt may postpone plans to privatise one general insurer and two banks this year as per reports.General Insurance Business (nationalisation) Act 1972 has been given a miss for this parliament session and sources told Moneycontrol.com that finance ministry is looking the privatisation plan for 2022-23 as it requires many details yet to be formalised to ensure job security and smooth transition.&nbsp;As per reports Central Bank of India and Indian Overseas Bank had been shortlisted for privatisation. The insurance company, as yet unidentified, could be one among National Insurance, United India Insurance and Oriental Insurance.

Privatisation Postponed? Privatisation of general insurer, 2 banks unlikely: reports

Privatisation Postponed?

Finance Ministry had assured no job losses in the process of privatisation.&nbsp;

With a focus on the mega LIC&nbsp;IPO&nbsp;scheduled for this fiscal, the govt may postpone plans to privatise one general insurer and two banks this year as per reports. General Insurance Business (nationalisation) Act 1972 has been given a miss for this parliament session and sources told Moneycontrol.com that finance ministry is looking the privatisation plan for 2022-23 as it requires many details yet to be formalised to ensure job security and smooth transition.&nbsp; As per reports Central Bank of India and Indian Overseas Bank had been shortlisted for privatisation. The insurance company, as yet unidentified, could be one among National Insurance, United India Insurance and Oriental Insurance.

Indian Overseas Bank and Central Bank could be the possible candidates for the Central government's privatisation plan, as per reports.
A high-level panel headed by the cabinet secretary on Monday reportedly cleared the names of two PSU banks for privatisation as suggested by the NITI Ayog.
The government has budgeted ₹1.75 lakh crore from stake sale in public sector companies and financial institutions, including two PSU banks and one insurance company, during the current financial year

PSU bank privatisation: IOB & Central Bank likely approved candidates

Indian Overseas Bank and Central Bank could be the possible candidates for the Central government's privatisation plan, as per reports.

IOB & Central Bank likely approved candidates for Govt's privatisation plan

Indian Overseas Bank and Central Bank could be the possible candidates for the Central government's privatisation plan, as per reports.
A high-level panel headed by the cabinet secretary on Monday reportedly cleared the names of two PSU banks for privatisation as suggested by the NITI Ayog.
The government has budgeted ₹1.75 lakh crore from stake sale in public sector companies and financial institutions, including two PSU banks and one insurance company, during the current financial year

<ul>
<li>Cabinet Secy&nbsp;panel approves IOB, Central Bank for privatisation</li>
<li>Govt budgeted ₹1.75 lakh crore from privatisation in FY22</li>
</ul>

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