According to ministry sources, the Air India management and employee unions have sent a bunch of proposals to the ministry of civil aviation (MoCA).

Before the EoI is drafted, the GoM and the DIPAM have to fill some gaps, including the lock-in period for the existing employees after the sell-off

The Cabinet Committee on Economic Affairs had on November 20 given a go-ahead for sale of govt's entire stake in BPCL, SCI, THDCIL and NEEPCO  to a strategic investor along with management control

The government holds a 100 per cent stake in Neepco, which operates and maintains power stations in the Northeast region, and 75 per cent in THDC

The government is reportedly revisiting plans for strategic stake sale in the public sector undertaking and may soon issue an expression of interest (EoI) for 26% stake sale in BEML from the current 54.03% keeping the management control

Stake sale in PSUs is top priority for the government in absence of which fiscal deficit is expected to widen in the next seven months.

The mining mogul believes that it may take \"20 years\" for an effective disinvestment to take place going by the Centre's ongoing plans to sell PSU assets company by company

While presently PSUs for strategic sale are identified by NITI Aayog, the tweak in policy has now brought DIPAM into the picture. DIPAM and NITI Aayog will now jointly identify PSUs for strategic disinvestment

The Department of Investment and Public Asset Management (DIPAM) will soon hold inter-ministerial talks and outline the methods and strategies of bringing the government's stake down to 51% in the PSUs.

Nearly a dozen companies have been identified in a preliminary list, including maharatna and navratna CPSEs such as Indian Oil Corporation, NTPC, Power Grid, Oil India, GAIL, BPCL, and Engineers India Limited, where the government wants to cut its direct holding to under 51 per cent

Kumar will succeed Subhash Chandra Garg as the Finance Secretary. Garg, who also held the office of Economic Affairs Secretary, was transferred to the Power Ministry in the latest bureaucratic reshuffle on July 24

Following the merger, MTNL would be converted into a subsidiary of BSNL. The merger would be carried out after resolving issues such as human resources.

The Appointments Committee of Cabinet, which constitutes PM Narendra Modi and Home Minister Amit Shah, transferred 12 secretaries and upgraded the post of the same number of senior IAS officers in their respective departments

Atanu Chakraborty will succeed Subhash Chandra Garg as the Economic Affairs Secretary. Garg had held the post since July 2017