December 2016 Current Affairs

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Government to sell off 14 ITDC hotels

Government to sell off 14 ITDC hotels
30 May 2016 Current Affairs: Fourteen out of 16 perennially loss making hotels owned by state-run ITDC will be sold off and the process to privatise them has already started, Tourism and Culture Minister Mahesh Sharma .The Finance Ministry is taking forward the disinvestment plan to totally offload government's stakes in all the ITDC-run hotels except the Ashoka and Samrat  hotels in the national capital. 

The government decided to privatise the hotels to improve the financial health of India Tourism Development Corporation BSE 12.10 % (ITDC), a public sector undertaking that currently runs 16 hotels in Delhi, Patna, Jammu, Ranchi, Bhubaneswar, Puri, Bhopal, Bharatpur, Jaipur, Guwahati, Mysore, Puducherry and Itanagar. 

The process to privatise the 14 hotels has already been started. There are certain issues with the states and we are trying to address them .During NDA's first stint in power between 1999 and 2004, the then Vajpayee government had divested its stakes in 18 ITDC hotels, bringing down the number of state-run hotels from 34 to 16. Asked about the amount of money the government was eyeing to raise from the sale of the hotels, he refused to give any figure. 

He was asked whether Tourism Ministry has put on hold appointment of Amitabh Bachchan as face of the Incredible India campaign after his name appeared in the Panama  Papers controversy. The director general of ASI and the Culture Secretary have visited the temple along with a team from IIT Madras. They said there is no risk to the temple. Our Prime Minister has also directed us to do it at the earliest .


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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