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Sunday Feb 05, 2023

Union Budget 2023 | Modi government will raise 51 thousand crores this year by selling public properties in the country


file photo

file photo

Delhi: In this year’s budget (Union Budget 2023), the government has reduced the target of the amount received by selling unnecessary government institutions. At the same time, the government has set a target price of Rs 51,000 crore for the next year 2023 by selling unnecessary government institutions. Which is less than last year’s budget. The government has set a target of Rs 50,000 crore for this year. Earlier this target was Rs 65,000 crore. Lowering the target shows that investors are less interested in the process of the government.

Earlier also the government reduced the target

This is not the first time that the government has reduced its disinvestment target. Earlier, the Government of India had set a target of raising Rs 1.75 lakh crore in the year 2022 by selling unnecessary government institutions. Which later had to be reduced to Rs 78,000 crore. But after the end of the year, the government could raise only Rs 13,627 crore.

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What can the government sell this year?

The government can reduce its stake in IDBI Bank, Shipping Corporation of India, BEML and Container Corporation of India. In the last budget speech, the Finance Minister had announced the IPO of LIC. This time such a big announcement has not been made. As of February 1, the government has raised Rs 31,106 crore, according to information provided by the Department of Investment and Public Asset Management. Most of these are from LIC. The government has benefited Rs 20,516 crore from the IPO of this company.



America: Kovid 19 Public Health Emergency is over! Pockets will be loose from May, rules will change. US to end public health emergency for COVID in May corona cases in america joe biden


The United States is set to end COVID emergency declarations on May 11, nearly three years after the White House announced that measures were in place to contain the spread of the coronavirus.

In 2020, the Covid national emergency and public health emergency imposed by the then US President Donald Trump was also extended by the current President Joe Biden. Because of this, millions of Americans were getting free tests, vaccines and treatments. Although, the White House The U.S. Office of Management and Budget (OMB) said the emergency would be lifted in the coming months. At present, it has been extended only till May 11.

The United States is set to end COVID emergency declarations on May 11, nearly three years after the country implemented large-scale pandemic measures to contain the spread of the infection, the White House announced. The OMB said this is in keeping with the administration’s previous commitments to provide at least 60 days’ notice before terminating wind-down PHEs.

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What will change with the announcement?

Currently, the government is paying for vaccines, Covid tests and some treatments as per announcements. When they run out, these costs will be shifted to private insurance and government health plans.

Covid cases continue to decline

The OMB said the US government will also veto a proposed bill in Congress that would end the Covid vaccine mandate for health care providers. Government data shows that the number of Covid cases in the United States continues to decline, although the number of related deaths is still more than 500 people.

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Health emergency started in January 2020

The US declared a public health emergency in January 2020. This was done when the corona virus epidemic started. During this emergency it has been renewed every quarter for 90 days. But since August, the government had started indicating that it planned to allow it to expire in January. Although it was not finished in January. This was because the US Department of Health and Human Services (HHS) has promised states 60 days notice before the emergency ends. At the same time, after May 11, the government has made a plan to end it.

Petrol-Diesel Rate | Relief to the public! Petrol-diesel became cheaper in Maharashtra after 96 days, know where the oil prices have decreased?


petrol diesel

File pic

New Delhi. Whereas in the international market, the prices of crude oil are showing a decline today. At the same time, due to this, now in many states of India, there has been a decline in the prices of Petrol-Diesel (Petrol-Diesel Rates) after about 90 days. Today, where Brent crude is trading at $ 84.98 per barrel, down $ 0.94 (1.09%). At the same time, WTI is selling at $ 79.13 per barrel, falling by $ 0.35 (0.44%).

Similarly, like everyday, even today, government oil companies have released new prices of petrol and diesel in the country. At the same time, changes in the prices of petrol and diesel are being seen in many states of the country.

In such a situation, the price of petrol in Maharashtra has decreased by 57 paise to Rs 105.96 per liter today. Whereas diesel has fallen by 54 paise and is being sold at Rs 92.49 per litre. Along with this, fuel has now become cheaper in Madhya Pradesh as well. Here petrol has fallen by 30 paise and is being sold at Rs 109.70 per liter and diesel by 28 paise at Rs 94.89 per litre.

Although there has been no change in the price of petrol in UP, diesel has definitely become cheaper by 25 paise here after about 96 days. Similarly, petrol has become cheaper by 44 paise and diesel by 41 paise in West Bengal. On the other hand, talking about metros, the prices of petrol and diesel have increased slightly in Chennai. Fuel is a bit costlier today in most of the states in South India.

Have a look at the prices of petrol and diesel in the four metros:

City

petrol

diesel

Delhi

96.72

89.62

Mumbai

105.96

92.49

Kolkata

106.82

93.49

Chennai

102.73

94.33

Petrol-diesel prices change every morning at 6 am:

Significantly, now the prices of petrol and diesel change every day at 6 am. Their new rates come into force from 6 am onwards. Explain that after adding excise duty, dealer commission and other things to the price of petrol and diesel, its price now almost doubles.

On the basis of these standards, now the oil companies do the work of fixing the petrol rate and diesel rate daily. On the other hand, those running dealer-petrol pumps sell petrol-diesel at retail prices after adding taxes earned and their own margins at the end of the consumers. All this cost is also added to the petrol rate and diesel rate.

Know how much is the rate of petrol and diesel in your city today:

Now you can also know the price of petrol and diesel through SMS. According to Indian Oil’s website, you need to send RSP and your city code to 9224992249. Please tell that the code of each city is different, which you will get easily from the website of IOCL.



SEBI allows govt holding in IDBI Bank to be reclassified as public after divestment – Business News India


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Securities and Exchange Board of India (SEBI) has approved recognition of government stake in IDBI Bank as public shareholding. SEBI has taken this decision after the government’s appeal. However, this new change will happen after the government’s stake sale in the bank.

After this, the voting rights of the government will also not be more than 15 percent. Further SEBI has directed the new buyer to comply with the minimum public shareholding norms within one year of the sale.

Whose share: Let us tell you that the government has 45.5% stake in the bank and the Life Insurance Corporation of India has 49.24% stake. LIC is currently the promoter of the bank. Government will sell 30.5% stake and LIC will sell 30.2% stake in IDBI Bank. After this sale process, the government will have 15 per cent stake in the bank.

The last date for submission of EOI to the Bank is Saturday. Once the government receives initial bids expressing interest from buyers, the Reserve Bank of India (RBI) will examine whether they meet the central bank’s fit and proper criteria.

The government is expecting multiple bids for IDBI Bank. US-based Carlyle Group, Fairfax Financial Holdings and DBS Bank may bid for the stake sale.

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