Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs
The gap between fair market price and actual amount paid (should be less than FMP) was chargeable to the gift tax.
The gap between fair market price and actual amount paid (should be less than FMP) was chargeable to the gift tax.
Instead of selling PSUs during Covid times when their full value may not be realised, the Government could have gone in for cutting wasteful expenditure. For example, Centrally Sponsored Schemes and Central Sector Schemes that account for Rs. 14.32 lakh crore of annual expenditure, urgently call for review, with closure or modification of badly performing schemes
The holding of the bank at the consolidated level continues to be 20 per cent.
With the submission of the bid, the transaction for Numaligarh refinery may now be targeted for closure before the end of March.
The government-run RailTel Corporation has raised around Rs 819 crore via IPO that witnessed subscriptions 42.4 times between February 16-18.
The floor price for the offer shall be Rs 1,001 per equity share of the company.
Through the OFS, the government proposes to sell 33,438,750 shares constituting 10 per cent of the paid-up share capital.
This is the second extension for submission of expression of interest (EoI) for BPCL stake by interested bidders.
'It may be noted that the disinvestment of one of the subsidiaries of AI, AIATSL got underway with its EOI/PIM published on 12.2.2019.'
