Defence Minister Rajnath Singh meets chiefs of Army, Navy and IAF
New Delhi, Jun 19: Defence Minister Rajnath Singh on Sunday met the three service chiefs amid escalating protests against the 'Agnipath' military recruitment scheme in several parts of the country.
It was Singh's second meeting with the chiefs of the Army, Navy and the Air Force for the second straight day on the issue.
There was no official comment on the meeting.
It is learnt that the focus of the deliberations was on pacifying the protesters.
As the protests intensified in various parts of the country, the defence minister on Saturday approved a proposal to reserve 10 per cent of the jobs in various organisations under the ministry for recruits under the 'Agnipath' scheme if they meet the requisite eligibility criteria.
The Home Ministry also announced 10 per cent reservations for 'Agniveers' in Central Armed Police Forces and Assam Rifles following completion of their four-year tenure under the new recruitment scheme.
The Indian Air Force on Sunday came out with details of the new scheme. The Indian Navy and the Army are expected to issue similar details soon.
The three services are planning to deploy the first batches of recruits under the new scheme both in operational and non-operational roles by June next year, senior military officials said.
In an attempt to pacify the protesters, the government on Thursday night increased the upper age limit for recruitment under the 'Agnipath' scheme to 23 years from 21 for the year 2022.
Unveiling the scheme on Tuesday, the government said youths between the ages of 17 and-a-half and 21 years would be inducted for a four-year tenure while 25 per cent of them will be subsequently inducted for regular service.
The youths to be recruited under the new scheme would be called 'Agniveer'. A major objective of the scheme is to bring down the average age of military personnel and cut ballooning salary and pension bills.
The announcement of the new scheme came in the backdrop of recruitments into the military remaining stalled over the coronavirus pandemic for over two years.
The Army recruits 50,000 to 60,000 soldiers annually. However, the recruitment could not take place for the last two years due to the COVID-19 pandemic.
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Pak govt expedites PIA's privatisation; prepares framework for division of assets and liabilities
Islamabad (PTI): Cash-strapped Pakistan is expediting the privatisation process of its ailing national flag carrier, PIA, and has prepared a framework for the division of its assets and liabilities as part of the move, according to a media report on Monday.
The government has disclosed that the total value of the assets of Pakistan International Airlines (PIA) is Rs 171.43 billion. Once the privatisation process is completed, the PIA’s assets along with its liabilities will be divided between the holding company and the new company taking over the airline, The Express Tribune newspaper reported.
The PIA owes Rs 161 billion to the government and Rs 267 billion to commercial banks, which will be transferred to the holding company, the report said, citing official documents.
Out of the PIA’s assets worth Rs 171.43 billion, assets worth Rs 146.57 billion will be transferred to the new management of the PIA, while assets worth Rs 24.86 billion will remain with the holding company, it said.
The federal government is expediting the privatisation process of the PIA and has prepared a framework for the division of assets and liabilities of the national flag carrier as part of the process, it said.
Out of the PIA's Rs 830 billion deficit, Rs 202 billion will be borne by it and Rs 628 billion by the holding company. As a result, the new company will begin the PIA operations with a deficit of Rs 55.70 billion, the report said.
According to the documents seen by the newspaper, the government will divide the PIA operations into core and non-core segments as part of the privatisation process. All assets and liabilities of the PIA will be divided between these two segments.
Post-privatisation, assets including aircraft worth Rs 92.62 billion, technical equipment for flight operations, operational offices, and other properties, along with long-term deposits worth Rs 6 billion, trade debts and advance deposits worth Rs 22.35 billion, and other receivables worth Rs16.83 billion, will be transferred to the new PIA management.
Additionally, liabilities in the form of long-term financing worth Rs 15.63 billion, aircraft leases worth Rs 30 billion, employee salaries amounting to Rs 27.26 billion, and trade and other payables totalling Rs 121 billion will be inherited by the new company.
Loans taken from domestic and international institutions and the interest payable on them, amounting to Rs 444 billion, will also be transferred to the holding company.
