state and government auctions

Karnataka rakes in Rs 270 cr royalty from iron ore e-auctionsDespite a halt on iron ore mining in Karnataka since July last year, the state government has earned a royalty revenue of Rs270 crore, about 62 per cent of the total royalty earnings in the last financial year. With two more months in the current financial year, royalty revenues are likely to go up further.Business Standard India - Feb 14 10:43am
Auction method to speed up stake sale in state-owned entitiesDivestment of Government stake in State-owned entities may get hastened with an empowered group of ministers (EGoM) on Wednesday giving its nod for adopting the auction method for such stake sale.The Hindu - Feb 15 08:41am
AP seeks union govt's permission to procure turmericAs the turmeric prices falling neat to cost of production, farmers are likely to get support from government procurement. Turmeric is not covered under minimum support price mechanism and hence state agencies procure this saffron from south on commercial basis only.Business Standard India - Feb 09 01:39am
Beating the bearsThe Government's decision to go in for a new auction-based offer-for-sale route to divest its stakes in public sector undertakings (PSU) is good news for both small shareholders as well as the firms themselves.The Hindu - Feb 15 07:56am

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