Discover and read the best of Twitter Threads about #recapitalisation

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Details of the @uniper_energy #recapitalisation so far. €34.5 billion deal has been struck by the DE gov to renationalise the company. EU had some strict conditions to avoid competition infringements. @e3g @EurBeyondCoal🧵1/
Commission has asked for an exit plan from DE gov by end of 2023 to reduce DE gov shareholding to 25% by latest 2028. That's 5 years max under state control. 2/
Asset divestments:

- Datteln IV power plant in Germany
- 84% stake in Russia's Unipro business
- German district heating assets
- North American power business
- stakes in the OPAL and BBL pipelines
- 18% stake in Latvijas Gaze
- Gonyu power plant in Hungary 3/
Read 10 tweets
Excellent #Budget2021 by @narendramodi govt

16.5 lakh Cr Agri Credit allocation&Rs 1.18 lakh Cr for roads

Massive 34.5% rise Capital Spending at 5.54 lakh Cr

137% rise in Health budget

Income Tax scrutiny reduced from 6 to 3 yrs;No Double taxation of NRIs

#Growth,the focus
Hike in Insurance #FDI from 49% to 74%,pro #Reforms💪

#Dividend income invested In InvITs &REITs,tax free

No advance tax liability on Dividend income

#LIC IPO--BIG

#Disinvestment of BPCL,Pawan Hans,Air India,Concor,IDBI,Beml, Shipping Corp--BIG

64180Cr #Healthcare budget-BIG
5 Mega #Fishing harbours

7 Mega #Textile Parks

Agri Infra Fund to be available to #APMCs

Voluntary #VehicleScrapping policy

20000Cr #Recapitalisation of PSBs

#ARC to take over stressed assets

7 Port projects to be developed via PPP

18000Cr for Bus Transport
#Modinomics💪
Read 9 tweets

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