Home Blog Page 1296

Viability quotient enhanced in Government’s Air India sale bid

In its desperate efforts to boost the prospects of Air India sale, the government may further extend the date for submission of bids beyond October 30, while also sweetening the deal terms further, as reported by our very reliable sources in the Union Finance Ministry.

The submission of initial bid or expression of interest (EoI) may be extended by 45 days to two months. Also, buyers will decide on the level of debt that they will take and the one taking the largest debt may be considered favourable to be declared the winner.

As per the Air India EoI floated by Department of Investment and Public Asset Management (DIPAM) in January, of the airline’s total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286.5 crore, while the rest would be transferred to Air India Assets Holding Ltd (AIAHL), a special purpose vehicle.

For the government, Air India has now become a test case on how to get investor interest in adversarial market conditions. With the airlines financials already under severe pressure, the government is finding it tough to get investors on board.

Air India has been been unprofitable since its 2007 merger with state-owned domestic operator Indian Airlines Ltd., and since then is flying on government budgetary support adding pressure to central resources.

Air India disinvestment is a key component of this year sell target of Rs 2.1 lakh crore. The government has so far mobilised a meager Rs 5,500 crore from disinvestment.

IRS-C&CE : 04 Officers promoted to Principal Commissioner grade

The Central Board of Indirect Taxes and Customs (CBIC), under the Revenue Department, has empanelled and promoted 04 officers to the grade of Principal Commissioner of Customs and Central Excise against the panel year 2020 on situ basis.

They are :

  1. Nirmal Kumar Soren
  2. K Ashi Khieya
  3. Abhai Kumar Srivastava
  4. S K Vimalanathan

Neena Malhotra concurrently accredited as next Ambassador of India to San Marino

Dr. Neena Malhotra (IFS:1992), presently Ambassador of India to the Republic of Italy, has been concurrently accredited as the next Ambassador of India to the Republic of San Marino, with residence in Rome.

S K Singhal concurrently accredited as next High Commissioner of India to Solomon Islands

Sushil Kumar Singhal (YOA:2000), presently High Commissioner of India to the Independent State of Papua New Guinea, has been concurrently accredited as the next High Commissioner of India to the Solomon Islands, with residence in Port Moresby.

ADG Amrit Mohan Prasad to be the first ITBP officer to head eastern command

The Indo-Tibetan Border Police (ITBP), which guards the LAC with China, has posted its first officer to head the newly-created Guwahati-based eastern command that oversees deployment of border battalions in that region. Additional Director General Amrit Mohan Prasad (IPS:1989:ADG), posted at the ITBP headquarters here, has been transferred and posted as the ADG of the eastern command, an order issued on Tuesday by the force said.

The command overlooks ITBP battalions posted along the Line of Actual Control (LAC) with China in states like Arunachal Pradesh, Sikkim and Assam with frontiers at Itanagar (northeast) and Lucknow (east) and sector offices at Likabali, Tezpur, Dibrugarh, Gangtok, among others.

The command in Assam”s capital Guwahati also supervises ITBP battalions deployed for anti-Naxal operations in Chhattisgarh.

Some officers, sub-officers and administrative staff were earlier posted by the force to operationalise the command but the posting of the top officer was delayed, official sources said.

The mountain-warfare trained force had similarly posted an officer (in the Inspector General-rank) in June to head its western command located in Chandigarh that has control over battalions deployed along the LAC in Ladakh, Uttarakhand and Himachal Pradesh.

The two ADG-rank headed commands were sanctioned by the Union government in October last year for better operational functioning of the about 35-38 battalions of the force deployed at the LAC, starting from Ladakh to Arunachal Pradesh along the eastern front.

The ITBP posts at this icy front are located at altitudes ranging from 9,000-18,700 feet.

Earlier, the border deployments of the force were headed by IG-rank officers at various frontier locations.

The new commands will streamline operations, intelligence, deployment and administrative movements of ITBP personnel to the border regions and also bring better synergy with the Army that secures the LAC, a senior official had said earlier.

India and China currently have an ongoing standoff between their militaries in the Ladakh region.

The ITBP, with an estimated manpower of 90,000 personnel, had bolstered its presence all along the 3,488-km-long LAC post these developments.

“The force is undertaking short and long patrols in the border areas, including with Army personnel, at some locations,” a senior officer said.

Last year, the force was also sanctioned two more ADG posts after its cadre restructuring and Prasad, a 1989-batch Indian Police Service officer of the Odisha cadre, was deputed with the ITBP in August this year.

The Centre has also promoted 1990-batch Uttar Pradesh cadre ITBP Inspector General Daljit Singh Chawdhary on Tuesday to the post of ADG.

He has been posted as an ADG at the ITBP headquarters.

The third ADG-rank officer will be from the ITBP officers” cadre and the orders for promotion and appointment of the eligible officer are expected to be issued by the government soon, they said. (PTI)

Anant Kumar Singh appointed as IG, BSF

Anant Kumar Singh (IPS:1994:MP) has been appointed as Inspector General (IG) in Border Security Force (BSF) on deputation basis for a period of five years. Presently, he is posted as ADG, Lokayukta in the cadre.

Hemant Priyadarshy appointed as IG, CRPF

Hemant Priyadarshy (IPS:1992:RJ) has been appointed as Inspector General in Central Reserve Police Force (CRPF) on deputation basis till the date of his superannuation i.e. 31.05.2025. Presently, he is serving as Additional Director General (ADG), Reorganisation and Rules in the cadre.

Delhi : 13 IPS officers shifted

A major reshuffle of IPS officers was on Tuesday effected in Delhi Police. As many as 13 IPS officers were reshuffle and posted in at various positions.

They are :

  1. Manish Agarwal (IPS:1996:UT) : Joint Commissioner of Police, Traffic.
  2. SS Yadav (IPS:1997:UT) : Joint Commissioner of Police, Northern Range.
  3. Rishi Pal (IPS:2004:UT) : Additional Commissioner of Police, Training.
  4. Shibesh Singh (IPS:2005:UT) : Additional Commissioner of Police, Crime.
  5. Devendra Arya (IPS:2008:UT) : DCP, Security.
  6. Usha Rangnani (IPS:2011:UT) : DCP, PCR.
  7. Ingit Pratap Singh (IPS:2011:UT) : DCP, South West.
  8. Urvija Goel (IPS:2011:UT) : DCP, Economic Offence Wing.
  9. Sanjay Kumar Sain (IPS:2012:UT) : Additional DCP-I, Shahdra.
  10. Guriqbal Singh Sidhu (IPS:2012:UT) : Additional DCP-I, North West.
  11. Vijay Kumar (IPS:2013:UT) : DCP, 1st Battalion, Delhi Armed Police (DAP).
  12. Prashant Priya Gautam (IPS:2013:UT) : DCP, Traffic.
  13. Amit Goyal (IPS:2014:UT) : Additional DCP-I, South West.

Kuldeep Dwivedi appointed as DIG, ITBP

Kuldeep Dwivedi (IPS:2005:JH) has been appointed as Deputy Inspector General in Indo Tibetan Border Police (ITBP) on deputation basis for a period of five years.

Vikas Kumar appointed as DIG, BSF

Vikas Kumar (IPS:2004:RJ) has been appointed as Deputy Inspector General (DIG) in Border Security Forces (BSF) on deputation basis for a period of five years.

Latest News

Google Preferred Icon Sticky
Google
WhatsApp Icon Join Us on WhatsApp