Finance Minister Nirmala Sitharaman on 20th November, said the Cabinet has given the in-principle approval for disinvestment in select CPSEs.
- This includes the government’s stake of 53.2 percent Bharat Petroleum Corporation Limited (BPCL). This is excluding BPCL?s 61% equity shareholding in Numalighar Refinery, based in Assam. Entire management control of BPCL to be transferred to strategic buyer with divestment
- Govt to sell 53.75% in Shipping Corporation of India (SCI) will be divested along with management control to strategic buyer
- Govt to sell 30.8% in CONCOR along with management control to strategic buyer
- Govt to sell 72.34% stake in THDCIL along with management control to NTPC
- Govt to sell 100% in NEEPCO along with management control to NTPC
Cabinet approves 2 year moratorium on spectrum auction installment dues. In view of the current stress being faced by telecom service providers (TSPs), cabinet has approved to defer receipt of spectrum auction installments due from the TSPs for the years 2020-21 and 2021-22. These deferred amounts will be equally spread over the remaining installments to be paid by the TSPs without any increase in the existing time period specified for making the installment payment. The interest as stipulated while auctioning of the concerned spectrum will however be charged so that NPV of the payable amount is protected. Telcos will continue to securitise next payable annual installment via bank guarantee.
Finance Minister Nirmala Sitharaman on 20th November, said the Cabinet has given the in-principle approval for disinvestment in select CPSEs.
- This includes the government’s stake of 53.2 percent Bharat Petroleum Corporation Limited (BPCL). This is excluding BPCL?s 61% equity shareholding in Numalighar Refinery, based in Assam. Entire management control of BPCL to be transferred to strategic buyer with divestment
- Govt to sell 53.75% in Shipping Corporation of India (SCI) will be divested along with management control to strategic buyer
- Govt to sell 30.8% in CONCOR along with management control to strategic buyer
- Govt to sell 72.34% stake in THDCIL along with management control to NTPC
- Govt to sell 100% in NEEPCO along with management control to NTPC
Cabinet approves 2 year moratorium on spectrum auction installment dues. In view of the current stress being faced by telecom service providers (TSPs), cabinet has approved to defer receipt of spectrum auction installments due from the TSPs for the years 2020-21 and 2021-22. These deferred amounts will be equally spread over the remaining installments to be paid by the TSPs without any increase in the existing time period specified for making the installment payment. The interest as stipulated while auctioning of the concerned spectrum will however be charged so that NPV of the payable amount is protected. Telcos will continue to securitise next payable annual installment via bank guarantee.