Cabinet clears strategic sale of government stake in Dredging Corporation

  • The Union Cabinet has approved the strategic sale of government stake in Dredging Corporation of India to a consortium of four ports.
  • The government currently holds 73.44% stake in Dredging Corporation of India Ltd (DCIL).
  • The approval will further facilitate the linkage of dredging activities with the ports.

Cabinet approves leasing out six airports through PPP

  • The Union Cabinet has given in-principle approval for leasing out six airports of AAI under Public Private Partnership (PPP) through Public Private Partnership Appraisal Committee (PPPAC).
  • The six airports include Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru.
  • PPP in infrastructure projects brings efficiency in service delivery, expertise, enterprise and professionalism.

Cabinet approves setting up of Central Tribal University of Andhra Pradesh

  • The Union Cabinet has approved the setting up of the ‘Central Tribal University of Andhra Pradesh’.
  • It will be established in Relli Village of Vizianagaram District.

Vikram Singh Mehta quits as independent director from Jet Airways board

  • Independent director Vikram Singh Mehta has quit from the board of Jet Airways.
  • He has cited time constraints and other obligations.
  • The full service carrier has been battling financial troubles.
  • With the resignation of Mehta, who is a former civil servant, the board now has nine members.

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