Govt ring fences Air India, BPCL, BEML from investors with China, Pak link
The department has laid out norms for Qualified Institutional Party (QIP) intending to form a special purpose vehicle after the financial bid as well as companies, limited liability partnerships (LLPs), funds and individuals having stake in the bidding entity
Ashutosh Kumar | February 17, 2021 | Updated 21:33 IST
Union Finance Minister Nirmala Sitharaman
In a move to ensure that no entity with Chinese, Pakistani antecedent gains entry into the strategic disinvestment process of Air India, Bharat Petroleum Corporation Ltd (BPCL) and Bharat Earth Movers Ltd (BEML), the Department of Investment and Public Asset Management (DIPAM), under the Ministry of Finance, has come out with measures to ring fence the government s mega privatisation plans.
Protest against BEML disinvestment
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Trade unions to form ‘human fortress’ at company’s Kanjikode plant
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Trade unions to form ‘human fortress’ at company’s Kanjikode plant
The Centre of Indian Trade Unions (CITU) will form a ‘human fortress’ in front of Bharat Earth Movers Ltd (BEML) and
Instrumentation Ltd (IL) at Kanjikode near here on Wednesday in protest against the Central government move to sell off BEML.
The organisers said here on Tuesday that thousands of workers from across the district would attend the protest. CITU State general secretary Elamaram Kareem will inaugurate the ‘human fortress’.
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Mumbai Metro s first driverless train to arrive on January 27
IANS / Updated: Jan 21, 2021, 06:25 IST
Mumbai Metro will get its first of its indigenously-manufactured
driverless trains from Bharat Earth Movers Ltd. Bengaluru, Urban Development Minister
Eknath Shinde said on Wednesday.
The first of these automatic Metro trains will reach the Charkop Metro Carshed in Mumbai on January 27 and after operational tests, will be deployed on the two new Metro routes scheduled to start from May this year, he said. This will be a driverless Metro train, running automatically. But, in order not to panic or make passengers feel unsafe, for around six months initially, they will be operated by a motorman. The trains will have a max speed limit of 80kmph, said Shinde.