Department of Telecom is learnt to have sought recommendations from ministries of Law, Finance and the Planning Commission on its proposal to auction the prime land of VSNL, that was taken over by the Tatas except for the land, in which the government holds 26 per cent stake.
Sources said DoT has also written to the Department of Disinvestment for views. VSNL, the erstwhile state-run international long distance carrier, has 773 acres of land across the country with most of them being on prime locations with the potential to fetch a few-thousand-crores to the exchequer.
Tatas took over VSNL in 2002, but the land was kept out of the deal. It has been turned into a landbank and is owned by the government and other shareholders.
More : economictimes.indiatimes.com
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With Rashtrapati Bhavan promptly referring the clemency petition filed by family members of Mohammad Afzal, convicted in the 2001 Parliament attack case, to the Centre, the Union Home Ministry today sought the Delhi Governments views on the issue.
The Centre also communicated to Superintendent of Tihar Jail, where Afzal is lodged, informing him that the Home Ministry has received a clemency petition and that it is under consideration of the ministry.
The Centre has not set any timeframe for the Delhi Government to give its opinion.
The Union Home Ministry has received from Rashtrapati Bhavan a copy of the clemency
New Delhi today made it clear that teas should go through the auction system.
Minister of state for commerce Jairam Ramesh, who is here on a three-day tour, today asked the Tea Board to prepare a roadmap within a year for the creation of a mechanism so that teas would go through the auction route only.
Interacting with stakeholders of Assam tea industry, including labour unions, in a city hotel on issues concerning the industry, he said the mechanism should be such that producers find it attractive to send their teas through auction.
He stressed that the auction system was time-tested,
The Haryana government Saturday announced it would set up a flower auction house of international standard in the state near Delhi.
Agriculture Minister Harmohinder Singh Chatha, who recently visited the Netherlandss famous flower auction house Flora Holland said the facility proposed to be set up near Delhi will benefit hundreds of Haryana floriculture farmers.
He said the auction house will help floriculturists with excellent marketing facilities to send the flowers all over the country and abroad.
More : indianmuslims.info
In an auction for nine hotel plots that lasted about an hour, the Delhi Development Authority failed to receive a single bid as hotel developers stayed away, citing unattractive locations and in some cases high reserve prices. The auction concluded a two-day attempt by the land agency to sell 19 plots, of which only three were sold.
According to a poll of hoteliers, developers and analysts by Mint, DDAs poor choice of location emerged as the single biggest factor keeping buyers away. This is in spite of some lots being priced as low as Rs14.15 crore for about a third of
If you are in the habit of defaulting in paying income tax and ignoring the I-T departments notices, then this Supreme Court judgment will serve as a warning, for you may stand to lose your properties.
The Income Tax department is well within its right to attach the defaulters property and put it up for auction sale to recover the dues, a bench comprising Justices Ashok Bhan and Dalveer Bhandari said in a recent judgment.
Dismissing an appeal against the sale of landed property through public auction, the bench answered in the affirmative the self-posed question: Whether the Income Tax
