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"The EU would like to see some changes, and we've [received] 70 commentsfrom our private sector on this and they would like to see some changes," she said. "The joint goal is to develop a practical approach to keep data flows going while enhancing privacy protection."
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By PTI: The government-appointed board will look into the bids for strategic stake in Satyam Computer on Friday or Saturday, said a source in know of the developments on Tuesday.At least seven companies, including Larsen & Toubro, i-Gate, Spice and Mahindra Group, have already submitted proposals to the board last week and the bids to be accepted till March 20."The board will meet either on Friday or Saturday...The Board expects to reach clarity on the time-frame to complete the selection process by next week," the source told PTI.Satyam expects to chalk out a time-frame for the selection process by next week to end uncertainty on the future of troubled IT major, the source said.The board has already said that it has received adequate interest from both Indian and international bidders, including private equity firms.As per the guidelines set by the board, interested parties have to submit bids by March 20 with proof of funds of Rs 1,500 crore.To ensure hassle-free and transparent bidding, the Board had appointed former chief justice of India S.P. Bharucha to oversee the process.The Board is understood to have met Justice Bharucha in Mumbai last week to discuss the sale process. Considered a front-runner, L&T has appointed Citi and Nomura to advise it on a possible deal with Satyam.At present, the engineering major has 12 per cent stake in the target firm and is believed to be in talks with private equity firms to mop up funds for the stake buy.A few other bidders like i-Gate have reportedly sought more accurate estimates of the actual liabilities of Satyam, which is yet to be ascertained.The government scrapped the former Satyam board and reconstituted it with a group of experts after the Hyderabad-based firm's founder-chairman B. Ramalinga Raju confessed to gross manipulations in the company's balance-sheet.The new board includes HDFC chairman Deepak Parekh, former Sebi member C. Achuthan and former Nasscom chief Kiran Karnik.
The budget statement has five major policy issues and interventions important to accelerate and improve the livelihoods of Kenyans.Firstly, it is focused on enhancing the security of its citizens to enhance the sanctity of life and properties and create room for greater investments and prosperity.googletag.cmd.push(function()googletag.display('div-gpt-ad-1616649507079-0'););Secondly, it focused on scaling up the development of critical infrastructures like roads, railways, energy, water, and programmes. According to the budget statement, Kenya has developed over 10,500km of roads in the last eight years. Upscaling it will improve mobility and connectivity key to increased business, work opportunities and improved livelihoods.Reforms for efficiencyThirdly, it is focused on sustaining the implementation of various reforms targeted at enhancing efficiency in the delivery of public services, through the greater rollout of Huduma Kenya based services and other legal and institutional reforms to address the software, even as we invest in infrastructure..Keep Reading Revenue targets? Not by me, vows Nyeri Governor Mudavadi's docket gets Sh300m more funding than Gachagua's office Subsidy debts, cheap fertiliser take lion's share of Ruto's mini budget Ruto to revise Sh3.9tr budget 'to reflect reality'Fourthly, it is focused on investing in ICT and digital infrastructure to facilitate the use of digital platforms in e-commerce/public services that can create more opportunities and hence improved livelihoods.Fifthly, it is focused on expanding the role of the private sector in the economy including financing infrastructure projects through Public-Private Partnerships (PPPs).googletag.cmd.push(function()googletag.display('div-gpt-ad-1616649342883-1'););The Government has undertaken enormous reforms to attract private players into the PPP framework. First, the PPP Act 2021 has streamlined how PPP programmes can be undertaken, by reducing the approval processes and setting clear timelines for projects under PPPs.Role of PPPsSecondly, it has strengthened the institutional framework by elevating the PPP Unit to the Directorate under National Treasury.Thirdly, set up Public Investment Management and PPP Planning framework and strengthened coordination between PPP and Public debt management offices.Fourthly, the budget statement has elevated the role of PPPs in funding public projects, supporting the private sector and narrowing the fiscal deficits being experienced currently. googletag.cmd.push(function()googletag.display("div-gpt-ad-1616649387179-0");); PPPs have many benefits applicable to our current situation: They create room for greater finance and resource mobilization for projects off balance sheet.Debts accruing from PPPs are handled by the private players because we need infrastructure to economically recover and be resilient.PPPs are key to the introduction of greater technology, innovation and expertise in project execution The writer is Deputy Director, Enablers, Kenya Vision 2030 Delivery Secretariat. Related TopicsPPPsPublic-Private PartnershipsBudgetShare this articlegoogletag.cmd.push(function()googletag.display('div-gpt-ad-1657880875199-0'););googletag.cmd.push(function()googletag.display('div-gpt-ad-1657880875199-0'););.Trending NowDitch pesky dandruff permanently!Dealmakers eye windfall from the sale of troubled State firmsHow to get the love you wantYounger vs older doctors: Who do you prefer?UK High Commission issues Kenya terror alert.Popular this weekMatiang'i quizzed on Sh3.2b land dealUK High Commission issues Kenya terror alertDCI boss Mohamed Amin: Former Interior CS Matiang'i faked raid on his homeMatiang'i: Why they want to arrest meLang'ata MP Jalang'o kicked out of Azimio Parliamentary Group meetinggoogletag.cmd.push(function()googletag.display('div-gpt-ad-1657883299620-0'););window._taboola=window._taboola[];_taboola.push(mode:'thumbnails-a',container:'taboola-below-article-text-links',placement:'Below Article Text Links',target_type:'mix');googletag.cmd.push(function()googletag.display('div-gpt-ad-1657881298779-0'););. 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