Arun Shourie (born 2 November 1941) is an Indian economist, journalist, author and politician. WHEN zeal substitutes for prudence, the results can only be controversial. The agency has been slammed for its investigations against the two. Jodhpur: A special court has asked the CBI to file cases against former Union minister Arun Shourie and the then-disinvestment secretary Pradip Baijal over the sale of an ITDC hotel, allegedly at a loss of Rs 244 crore to the exchequer. Arun Shourie was the central minister of Communications, Information Technology and Disinvestment in the Atal Bihari Vajpayee government from 1999 to 2004. The Rajasthan High Court on Tuesday severely criticised the CBI court for issuing arrest warrants against former union minister Arun Shourie and four others in connection with the 2002 disinvestment of Laxmi Vilas Palace Hotel in Udaipur. Our focus is maximisation and we are not keeping too many entry barriers, including technical criteria, as it creates a problem if you say only a particular industry player can come. At the time of this sale, Arun Shourie was Disinvestment Minister in the Atal Bihari Vajpayee government. The Rajasthan High Court on Tuesday severely criticised the CBI court for issuing arrest warrants against former union minister Arun Shourie and four others in connection with the 2002 disinvestment of Laxmi Vilas Palace Hotel in Udaipur. The Vajpayee government even had a separate Ministry of Disinvestment headed by the high-profile Arun Shourie. Arun Shourie, a veteran journalist who was Disinvestment Minister at the time, said he would file a revision petition in the Rajasthan High Court against the order. In 2002 it was disinvested and bought by the Lalit Suri group of hotels. India's Minister for Disinvestment Arun Shourie , Uday Kotak of Kotak Financial Services and Mukesh Ambani , Chairman of Reliance, watch a screen presentation at the launching of the government's... Get premium, high resolution news photos at Getty Images Jaitley’s successor as disinvestment minister, Arun Shourie, who has not been given his due by this government, had a very dim view of revival packages of PSUs. The CBI registered a case on August 13, 2014 on the basis of a preliminary inquiry that alleged that Pradeep Baijal had abused his position as Secretary, Disinvestment, in the hotel sale. A special court here has asked the CBI to file cases against former Union minister Arun Shourie and the then disinvestment secretary Pradip Baijal over the sale of an ITDC hotel, allegedly at a … A special court in Jodhpur has asked the CBI to file cases against former Union minister Arun Shourie and the then disinvestment secretary Pradip Baijal over the sale of an ITDC hotel, allegedly at a loss of Rs 244 crore to the exchequer. Benchmarks . disinvestment minister News and Updates from The Economictimes.com. Non-bailable warrants have been issued like we are terrorists, murderers and rapists," Mr Shourie said. "Unknown officers and private persons indulged in this conspiracy from 1999 to 2002 to cause loss of money to the government. Shourie was the first politician to float Modi as the next Prime Minister … Certainly, the government is not supporting them anymore,” he said, citing the decision to close Scooters India after no one evinced interest in buying it. In the Udaipur hotel disinvestment case and other cases against disinvestment in courts, the prime mover was noted lawyer Prashant Bhushan.. Arun Shourie. When we are inviting global investors, they won’t come if they feel there’s something wishy-washy here,” Mr. Pandey said. Arun Shourie was the Union Minister of Communications, Information Technology and Disinvestment in the then government led by former Prime Minister Atal Bihari Vajpayee during 1999-2004. It gives a comfort level once they vet the rules we frame. Nifty 14,137.35-8.9. Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world. The NDA-I government of AB Vajpayee was big on PSU disinvestment. NSE Gainer-Large Cap . Disinvestment Minister Arun Shourie meets Shekhar Gupta in the Maruti Udyog compound to talk about India's economic successes, the public sector vs … NSE Gainer-Large Cap . Printable version | Feb 12, 2021 5:26:42 PM | https://www.thehindu.com/business/Economy/disinvestment-will-be-squeaky-clean-says-dipam-secretary/article33776302.ece. A one-stop-shop for seeing the latest updates, and managing your preferences. "When you dispose of a property the evaluation is based on various factors - the land rate, possibility of growth, business potential, assets and liabilities. Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list. One of the grandest palace-hotels in Rajasthan was grossly undervalued and sold at a huge loss to the taxpayer in 2002 and former Union Minister Arun Shourie should be charged for it, a special CBI court has said. Nothing major has happened as far as strategic disinvestment is concerned. If someone gets some information on the reserve price somehow, it would make it an unfair advantage for that bidder,” said Mr. Pandey, who is the Secretary for the Department of Investment and Public Asset Management (DIPAM). According to the CBI's closure report, accessed by NDTV, the disinvestment of the government-run luxury hotel "resulted in wrongful loss of about Rs 143.48 crore to the government and corresponding wrongful gain to the accused persons individually/jointly". "Advocates will examine the order and then we will decide what to do next," Arun Shourie said. Arun Shourie. Arun Shourie, was the minister in charge of divestment when the property, owned by the public sector India Tourism Development Corporation, was sold to Bharat Hotels Ltd, a private company. The court wants the hotel sale case to be reopened. On Wednesday, Prime Minister Narendra Modi made a spirited push in Parliament for ‘a bigger role for the private sector in the economy’. The Laxmi Vilas Palace, a spectacular five-star hotel on the banks of the lake Fateh Sagar, is a massive draw for tourists and one of the most popular destinations in India. As Disinvestment Minister, he managed the transaction of Maruti, VSNL, Hindustan Zinc among others. Laxmi Vilas Udaipur Disinvestment: Rajasthan HC stays arrest warrant issued against Arun Shourie, former Minister for Disinvestment In another order passed earlier this week, the High Court also stayed the arrest warrants issued against Jyotsana Suri, the … We have to work very hard to sell it off.”. In the four sectors identified as strategic, ‘bare minimum’ entities will be retained, which could mean one, two or three firms, said Mr. Pandey. “For the first time after 2004, you will have a set of privatisations starting with Air India and BPCL as the large ones… We are very clear this has to be squeaky clean process so that no one can question its credibility,” Mr. Pandey told The Hindu on the execution plan for the disinvestment policy that envisages the government exiting a large chunk of the 439 central public sector enterprises (PSEs) in the country. He has worked as an economist with the World Bank, a consultant to the Planning Commission of India, editor of the Indian Express and The Times of India and a Minister of Communications and Information Technology in the Vajpayee Ministry (1998–2004). New Delhi: A special CBI court Tuesday asked the agency to file criminal cases against former Union minister Arun Shourie, retired IAS officer Pradip Baijal, and three others in connection with a corruption case relating to the sale of a luxury hotel in Rajasthan in 2002. Enjoy reading as many articles as you wish without any limitations. Sep 17, 2020 | Outlook Web Bureau. Hindustan Zinc 308.15 33.05. A special CBI court in Jodhpur has ordered the filing of criminal cases against former Union disinvestment minister Arun Shourie on allegations in … Disinvestment will be squeaky clean, says DIPAM Secretary Uttarakhand flood: 2019 study warned Himalayan glaciers melting at alarming speed Gujarat: BJP replaces candidate yet … Benchmarks . While these reforms have enabled the economic growth, there are several lessons to be learnt in the areas such as disinvestment before the next set of reforms begin. Hotel Laxmi Vilas was valued at over Rs 252 crore but was sold for Rs 7.5 crore to hotelier Lalit Suri, said the special CBI court. Govt. We promise to deliver quality journalism that stays away from vested interest and political propaganda. Jaitley’s successor as disinvestment minister, Arun Shourie, who has not been given his due by this government, had a very dim view of revival packages of … However, we have a request for those who can afford to subscribe: please do. (As disinvestment minister in the Atal Bihari Vajpayee government, Shourie led the sale of … to work with RBI for execution of bank privatisation plan, says Sitharaman. Charge Ex-Minister Arun Shourie Over Rajasthan Palace Hotel Sale: Court, Trinamool's Dinesh Trivedi Quits As MP, BJP Says He's Welcome, Imagine Life Without Google. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. *Our Digital Subscription plans do not currently include the e-paper, crossword and print. But the special court in Jodhpur rejected the report and ordered further investigation. disinvestment minister News and Updates from The Economictimes.com. All these are studied and were studied by not one man but by a firm appointed by the government. On Wednesday, Prime Minister Narendra Modi made a spirited push in Parliament for ‘a bigger role for the private sector in the economy’. In September last year, a special CBI court had asked the agency to file criminal cases against former Union minister Arun Shourie and former Disinvestment Secretary over the sale of a luxury public sector hotel in 2002. “We are saying let’s do it in such a manner so that any entity that looks at it says that there cannot be a better process in the world than this. His cutting-edge journalistic investigations bumped off … Arun Shourie hospitalised in Pune; former Union minister received minor head injury after he fainted Arun Shourie is a former Rajya Sabha member from the BJP and was Union minister for communications, information technology and disinvestment in the Atal Bihari Vajpayee-led government disinvestment minister News and Updates from The Economictimes.com Undervaluation of the property by Kanti Karamsey and company led to the loss to the exchequer," sources in the agency told NDTV. Arun Shourie. "When you dispose of a … The entire committee looked at it. But when it comes to privatisation — the ‘P’ word clearly me… Disinvestment drive. Two days ago, surprisingly a trial court in Jodhpur ordered a probe on the former Minister Arun Shourie in an 18-year-old (2002) Cabinet-approved disinvestment of Laxmi Vilas Hotel in Udaipur.The Judge on September 17, 2020, passed orders against the closure of the case by the Central Bureau of Investigation (CBI).When was the First Information Report (FIR) registered? The Rajasthan High Court High court on Thursday stayed the proceedings of a trial court which had ordered reopening of a probe against former disinvestment minister Arun Shourie … Former Union minister Arun Shourie has denied any irregularity in the sale of an Udaipur hotel at an alleged loss of ₹ 244 crore to the exchequer under the … Shourie was the minister in-charge of the department of disinvestment in the finance ministry when the property, … It has helped us keep apace with events and happenings. It’s a support for truth and fairness in journalism. Former disinvestment minister Arun Shourie. On Wednesday, Prime Minister Narendra Modi made a spirited push in Parliament for ‘a bigger role for the private sector in the economy’. You have reached your limit for free articles this month. There are 77 ‘parent’ companies (with multiple subsidiaries) in the strategic sectors. He was plucked for the job from other contenders when Vajpayee … That’s not how it works anymore as companies with capital can hire professional experts and CEOs,” he pointed out. Laxmi Vilas palace belonged to the former kings of Udaipur. “We want wholehearted bids, with whoever is willing to pay more winning. Arun Shourie. On Wednesday, Prime Minister Narendra Modi made a spirited push in Parliament for ‘a bigger role for the private sector in the economy’. The CBI had filed a closure report in late 2019 saying there was "no evidence" in the 2002 case. Track Latest News Live on NDTV.com. Shourie was the disinvestment minister in the Atal Bihari Vajpayee government. During the accession of princely states, the massive property was handed over to the government. The writer, a former Rajya Sabha MP from the BJP, was Union minister for communications, information technology and disinvestment. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. “We want it to be absolutely squeaky clean and for that, even I won’t know the names of the bidders. Even a spoon in the hotel would be costlier than that," said a special CBI judge. (TOI file photo by Manish Mistry) “It was alleged that during the period 2001-02, Laxmi Vilas Palace hotel, … Disinvestment will be squeaky clean, says DIPAM Secretary, Worldview with Suhasini Haidar | The military coup in Myanmar and its repercussions, Selling family silver is a lazy allegation, says Sitharaman. Shourie was the disinvestment minister in the Atal Bihari Vajpayee government. Shourie, disinvestment minister in the NDA regime, also backed former SEBI chairman C B Bhave and former coal secretary P C Parakh, calling … The CBI said the property was undervalued at Rs 7.85 crore and based on this valuation, the reserve price was fixed at Rs 6.12 crore. Arun Shourie worked in the office of the Minister of Disinvestment, Communication and Information Technology in the government of India. Arun Shourie The writer, a former Rajya Sabha MP from the BJP, was Union minister for communications, information technology and disinvestment. Former Disinvestment Minister Arun Shourie finds himself in the dock following the CAG report on the sale of government stake in two five-star hotels during his tenure. He was plucked for the job from other contenders when Vajpayee went the full hog on divesting state shares in public sector units. If they can’t fend for themselves, then I think they might as well close. "The judge gave no ground for not accepting the CBI closure report. Jodhpur: A special court has asked the CBI to file cases against former Union minister Arun Shourie and the then-disinvestment secretary Pradip Baijal over the sale of an ITDC hotel, allegedly at a loss of Rs 244 crore to the exchequer. your password But the agency pinned the blame on the valuation by a private firm, Kanti Karamsey. After BJP was defeated in the general elections of 2009, Arun Shourie asked for reflection and liability within the party. But his relatonship with turned sour after Narendra Modi became prime minister in 2014. Actu du jours. A select list of articles that match your interests and tastes. In September last year, a special CBI court had asked the agency to file criminal cases against former Union minister Arun Shourie and former Disinvestment … (As disinvestment minister in the Atal Bihari Vajpayee government, Shourie led the sale of … That will restrict value and allow existing groups to dominate. The court also stayed the order on attachment of property. disinvestment minister News and Updates from The Economictimes.com. Welcome! The property was sold to Bharat Hotels Ltd for Rs 7.52 crore when Shourie was the minister in charge of disinvestment in the Atal Bihari Vajpayee-led NDA government at the Centre. Due process was followed and then the property was sold," Mr Shourie told NDTV. Arun Shourie, a veteran journalist who was Disinvestment Minister at the time, said he would file a revision petition in the Rajasthan High Court against the order. Simultaneously, between 1972–74, he was a consultant to the Indian Planning Commission and it was around this time that he began writing articles as a journalist, criticising economic policy. Disinvestment Minister, India July 8, 2002, 12:00 AM EDT SHARE THIS ARTICLE. Is … “Once they okay the principles, they won’t change all the time. We brief you on the latest and most important developments, three times a day. A special court here has asked the CBI to file cases against former Union minister Arun Shourie and the then disinvestment secretary Pradip Baijal over the sale of … Jodhpur (Rajasthan): In a relief for former union minister Arun Shourie in Laxmi Vilas Palace Hotel disinvestment case, the Jodhpur High Court on Tuesday converted the arrest warrant against the ex-BJP leader into a bailable warrant. Move smoothly between articles as our pages load instantly. Your support for our journalism is invaluable. Share Tweet Post Email Wearing down his opponents. Meilleure place pour avoir les infos en temps réel The Hindu has always stood for journalism that is in the public interest. We won’t even fix the reserve value till the time financial bids are locked. Shourie, disinvestment minister in the NDA regime, also backed former SEBI chairman C B Bhave and former coal secretary P C Parakh, calling them "honest bureaucrats". During a … He complained competition within the party and those who brief journalists to benefit their own programs. An existing independent external monitoring body for overseeing disinvestment, chaired by former Supreme Court Chief Justice R.C. disinvestment minister News and Updates from The Economictimes.com Arun Shourie. You can support quality journalism by turning off ad blocker or purchase a subscription for unlimited access to The Hindu. Log into your account. The authorities will undertake a ‘squeaky clean process’ for the privatisation of public sector enterprises as per the brand new coverage unveiled within the Australia Faces The Unthinkable, Protesting Farmers Plan Countrywide Train Blockade On February 18, Farm Reform India's Domestic Issue, Will Track Protest Closely: UK Leader, Dinesh Trivedi's Resignation Not A Shock, Won't Affect Us: Trinamool MP, Uttarakhand Glacier Burst: Two More Bodies Recovered, Death Count At 38, Court Allows Mentally Ill Nagpur Rape Survivor To Abort 23-Week Pregnancy, This website follows the DNPA Code of Ethics, A special CBI court has asked for a criminal case against Arun Shourie, Udaipur Palace Hotel was sold at huge loss to the taxpayer, it said, The court wants the hotel sale case to be reopened. Till the wee hours of May 26, 2014, before the swearing-in ceremony of Narendra Modi’s Cabinet, Arun Shourie was a friend-philosopher–guide of Narendra Modi.

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