Centre To Exit Three Tourism Development Corporation Hotels
These transfer of ownership will fetch the government over Rs 25 crore, Arun Jaitley said.
The Cabinet Committee on Economic Affairs approved the transfer of three properties of India Tourism Development Corporation Ltd. to three state governments, Finance Minister Arun Jaitley said on Wednesday.
These ownership transfer will fetch the government over Rs 25 crore, Jaitley told reporters in New Delhi after the Cabinet meeting.
The Centre and state governments jointly hold stake in these hotels – Jaipur Ashok, Lalitha Mahal Palace and Donyi Polo Ashok – and will now be operated and maintained by the latter.
The central government will get Rs 14 crore by transferring Hotel Jaipur Ashok to the Rajasthan government, Rs 7.45 crore from transferring Lalitha Mahal Palace to the Karnataka government, and Rs 3.89 crore by selling its stake to the joint venture company running Hotel Donyi Polo Ashok, Itanagar, Jaitley said answering a query.
Donyi Polo Ashok Hotel Corporation Ltd. is the joint venture company that operates Hotel Donyi Polo Ashok in Itanagar.
As per disinvestment policy of the Government of India, it has been decided to lease/sub-lease the ITDC hotels/ properties jointly with the States and where States have not agreed to the proposal of leasing/sub-leasing, the properties may be returned back to the states at their officially valued price.Press Information Bureau Release
Earlier, the CCEA had approved transfer of Hotel Lake View Ashok, Bhopal, Hotel Brahmaputra Ashok, Guwahati, and Hotel Bharatpur Ashok, Bharatpur to respective state governments, while 'in-principal’ approval was given to transfer Hotel Janpath, New Delhi to Ministry of Urban Development, Government of India.
Other Decisions
The Cabinet approved extension to the existing ‘Udaan’ scheme of Jammu and Kashmir government till December 31, 2018. The scheme was operational in 2016-17, and aims at skill development of the state’s youth.
The Cabinet also gave its approval to merge 17 government-owned printing presses into five, and modernise them. These five printing presses will be redeveloped and modernised by monetisation of their surplus land, and land measuring about 468 acres of 17 entities will be transferred to Ministry of Urban Development, Jaitley said.
Other approvals given by the CCEA headed by Prime Minister Narendra Modi were:
- Productivity linked bonus to railway employees before festive season to improve efficiency of railways
- Introduction of Dentist Amendments 2017, Bill
- Revamping of Khelo India initiative of the government
