In the first phase, three hotels including Hotel Lake View Ashok, Bhopal, Brahmaputra Ashok, Guwahati and Bharatpur Ashok, Bharatpur would be taken for divestment
GN Bureau | May 4, 2017
The cabinet committee on economic affairs has approved the proposal of disinvestment of hotels/properties of the India Tourism Development Corporation Ltd. (ITDC).
The decision on disinvestment has been made, keeping in view that managing hotels on professional lines is not the government’s work.
As part of the disinvestment policy, it has been decided to lease/sub-lease the hotels or properties jointly with the concerned states or return them to the states after fair valuation. The states would then have the option to upgrade and operate the hotels by involving the private sector or to utilize the properties as per their requirements. States have exercised their options accordingly, in each case going forward with the option best suited to their needs, in line with the overarching principle that it is not the business of government to manage hotels.
In the first stage of the disinvestment process, three hotels including Hotel Lake View Ashok, Bhopal, Brahmaputra Ashok, Guwahati and Bharatpur Ashok, Bharatpur would be taken for divestment.
In all three cases, the hotels are being given back to the concerned states. In Bhopal and Guwahati, ITDC is divesting its share of 51 percent in the joint venture company formed for operation of the hotels whereas in the case of Bharatpur, the unit which was only managed by ITDC is being returned to the state government.
The arrest of Palaniappan Chidambaram, former union minister of home & finance, by the CBI, albeit after his much dramatic disappearance and reappearance, has brought an end to his long run from the arms of law. As a finance minister, being at the other end of the law, the former ministe
An unintended consequence of the inversion of Article 370 and the division of the state of Jammu and Kashmir into two union territories is the curious revival of Pakistan’s interest in Indian history and sociology. For the first time in decades, a Pakistan prime minister made the Rasht
Neeraj Kabi, a critically acclaimed self-taught actor, theatre director, and acting teacher, has worked in Odiya, Hindi and international cinema, theatre, television and web series. In 2014 he was honoured with the best actor award at the 4th Sakhalin International Film Festival for his role in the fil
Prime minister Narendra Modi has told US president Donald Trump that Pakistan prime minister Imran Khan’s “incitement to anti-India violence” was not good for peace in south Asia. Modi and Trump had a telephonic conversation – their first since the Aug 5 move to chang
As children are consuming more and more fast foods and sweetened beverages are becoming, leading to obesity and related non-communicable diseases (NCDs), the Indian Academy of Pediatrics (IAP) has come out with guidelines on such substances. The dietary guidelines under its nutrition chapter
Contrast prime minister Narendra Modi’s first Independence Day speech in 2014 with his latest, the first in the second term, and you know the difference. His first speech was less about future and much about the basic needs like Swachch Bharat (clean India). His speech on Thursday, on the other hand,