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Journalism of Courage
Government on Monday said the future course of action in the case of Media Lab Asia, the joint venture between IT department and MIT of US, would be decided by the Cabinet while ruling out closing down the research project. ‘‘The draft Cabinet paper has already been prepared by the department and I hope the Cabinet would find time to deliberate on it soon’’, Arun Shourie, Minister for IT and Communications said here. He, however, said Media Lab Asia is certainly not being shut but it would be restructured in every way. ‘‘Whether it is going to be exclusive relationship with MIT or anybody, how much private funding is going to be available, greater participation in decision-making for people who will be doing or directing the research, the staff of media lab Asia, there would be restructuring in all these areas, ’’, he said.
| NEW DELHI: The initial public offer (IPO) of MUL will hit markets in the first week of June, Disinvestment Minister Arun Shourie said. ‘‘The prospectus has been filed with Sebi. So, I am confident that we would be able to approach the markets in the first week of June,’’ he said. The public issue would be for sale of government’s 25 per cent stake in Maruti, in which Japanese auto maker SMC has 54.2 per cent stake. The IPO’s draft prospectus was filed with Sebi on April 25. |
Earlier this month, the IT department in its revised plan, had stated it was considering a move to make it purely a government-aided R&D outfit. DIT has suggested that research and collaborative agreement (RCA), which formed the basis of the project, would be dropped and a project-specific agreement would be in place.
