Currently, the public float in IDBI Bank is only 5.29 per cent, limiting the scope of fair valuation.

The remaining shares are with insurance behemoth Life Insurance Corporation of India (LIC), with a controlling stake at 49.24 per cent, while the Government of India (GoI) holding stood at 45.48 per cent.

Earlier this month, the proposed sale of a 60.72 per cent majority stake, held jointly by the government and the LIC, was scrapped after financial bids from two potential buyers reportedly fell short of the reserve price.

Low free float restricts the scope for fair markvaluation, and expanding this by 10 per cent or 15 per cent would make price discovery more reliable, sources said.

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It can provide a reliable benchmark for valuation and further make the price discovery process transparent, they said, adding, strategic sale can be pursued even after one or two tranches of OFS.
As per the failed plan, both the government and LIC were to offload 30.48 per cent and 30.24 per cent stake, respectively.This is the second time that the government has wanted to privatise IDBI Bank since the first announcement made in 2016. The idea was first officially flagged in the Union Budget speech by then-Finance Minister Arun Jaitley in February 2016.

The first attempt to privatise the then state-owned IDBI Bank failed due to valuation concerns.

However, the government later sold the controlling stake to LIC, which had been eyeing acquiring a stake in a bank to expand its bancassurance business model.

Subsequently, in January 2019, LIC acquired a 51 per cent controlling stake in IDBI Bank for approximately Rs 21,624 crore to rescue the lender from heavy bad loans as part of the disinvestment process.

As a result, the bank was categorised as a private-sector bank by the Reserve Bank of India.

In December 2020, the lender was reclassified as an associate company following the reduction of LIC’s stake in the bank to 49.24 per cent.

The process for privatisation gained formal momentum when the Cabinet Committee on Economic Affairs gave its in-principle approval in May 2021 for strategic disinvestment along with transfer of management control in IDBI Bank.

In October 2022, KPMG India was appointed as Transaction Advisor and the intent to sell 60.72 per cent stake in the bank was announced.

The Department of Investment and Public Asset Management (DIPAM) invited Expressions of Interest (EoI) in October 2022, and market regulator Sebi approved the reclassification of GOI as a public shareholder upon completion of the sale in January 2023.

Later in August 2025, the regulator gave its nod for reclassification of LIC as a public shareholder upon completion of the sale and after a long due diligence period, financial bids from two Emirates NBD Bank and Prem Vatsa-promoted Fairfax India were finally received in February 2026.

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Security wait times at Hartsfield-Jackson Atlanta International Airport (ATL), the world’s busiest by passenger volume, continue to vary dramatically on March 22, 2026, as the partial U.S. government shutdown drags into its second month, leaving Transportation Security Administration (TSA) officers unpaid and contributing to staffing shortages, absenteeism and unpredictable lines.

Real-time data from the airport’s official tracker at atl.com/times and third-party aggregators like Takeoff Timer and OnAir Parking showed average standard security wait times around 14 minutes as of midday local time, with peaks earlier in the overnight hours reaching 45 minutes from midnight to 1 a.m. and lows of zero during the quietest overnight slots. TSA PreCheck lanes remained significantly faster, often under 5 minutes when open.

However, passenger reports on social media and Reddit megathreads painted a more volatile picture. Early Sunday morning updates from r/Atlanta users described waits climbing to 75 minutes or more at the main domestic checkpoint during peak arrival periods, with some travelers advising 3+ hours of buffer time before flights. Lines have fluctuated wildly throughout the weekend: long queues spilling into baggage claim areas on Saturday and Friday, then easing briefly midday before building again.

The inconsistency stems directly from the ongoing partial shutdown affecting the Department of Homeland Security (DHS), which funds TSA. With no appropriations bill passed, many TSA employees have missed paychecks — some their second full cycle — prompting high call-out rates (reported as high as 36% on certain days in mid-March) and resignations. Nationwide, absenteeism has hovered around 10-30% above normal, hitting busiest hubs like ATL hardest during spring travel season.

Airport officials and airlines, including Delta Air Lines (ATL’s dominant carrier), have repeatedly urged passengers to arrive at least three hours early for domestic flights and four hours for international ones. Standard guidance recommends two hours pre-departure, but current conditions demand extra cushion for parking, check-in, bag drop and the trek to gates via the Plane Train, which adds 10-20 minutes post-security.

The main domestic checkpoint — serving the bulk of passengers — has seen the most strain, with queues occasionally extending beyond the atrium into baggage claim. North and South checkpoints (including PreCheck-only lanes) and the international terminal have generally moved faster, sometimes clearing in under 10-15 minutes during off-peak. International departures, including Concourse F, reported shorter waits overall.

The crisis has compounded other factors: spring break crowds, potential weather disruptions earlier in the month and general post-pandemic travel recovery. Flight delays and cancellations have risen, though not always directly tied to security — with hundreds affected on peak days per FlightAware data. Passengers missing connections due to long lines have added frustration, with some reporting hours-long backups that force rebooking.

TSA and airport leaders stress that security remains the priority, with available staff prioritizing threat detection over speed. PreCheck, CLEAR and TSA PreCheck enrollment continue to offer the best relief, with dedicated lanes seeing minimal delays. Officials remind travelers that wait times fluctuate hourly — peaking typically 5-9 a.m. and late afternoons/evenings — and urge checking real-time tools before heading out.

The official ATL wait time page provides minute-by-minute updates across checkpoints, though some users note it lags or underreports during surges. Community-sourced trackers on Reddit and apps like MyTSA supplement with crowd photos and firsthand accounts. As the shutdown persists without resolution — despite recent political threats and offers like Elon Musk’s proposal to cover salaries — experts warn conditions could worsen if staffing erodes further.

Travelers are advised to:
– Enroll in TSA PreCheck or CLEAR if eligible for expedited screening.
– Monitor atl.com/times, the MyTSA app or airline alerts.
– Arrive early, especially for early-morning or peak flights.
– Consider ground transportation alternatives if driving to the airport amid potential parking backups.

As Congress remains deadlocked over DHS funding amid immigration policy disputes, Atlanta’s airport — handling over 100 million passengers annually — exemplifies the broader national impact on air travel. With no immediate end in sight, the message from officials is clear: plan for delays, pack patience and prioritize buffer time to avoid missing flights.

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President Donald Trump threatened Saturday to deploy Immigration and Customs Enforcement (ICE) agents to U.S. airports as early as Monday if Democrats fail to agree on funding for the Department of Homeland Security (DHS), escalating a partial government shutdown now in its fifth week that has left Transportation Security Administration (TSA) workers unpaid and caused widespread travel disruptions.

In a series of posts on Truth Social, Trump blamed “radical left Democrats” for the impasse and vowed aggressive action. “If the Radical Left Democrats don’t immediately sign an agreement to let our Country, in particular, our Airports, be FREE and SAFE again, I will move our brilliant and patriotic ICE Agents to the Airports where they will do Security like no one has ever seen before, including the immediate arrest of all Illegal Immigrants who have come into our Country, with heavy emphasis on those from Somalia,” he wrote in one post. In a follow-up, he declared, “I look forward to moving ICE in on Monday, and have already told them to, ‘GET READY.’ NO MORE WAITING, NO MORE GAMES!”

The threat comes amid mounting strain on the nation’s aviation system. The partial shutdown, triggered by a February congressional failure to pass DHS appropriations, has left nearly 50,000 TSA employees working without pay for weeks. Many have called in sick, resigned or quit outright — with the agency reporting 366 departures as of mid-March — leading to long security lines, unpredictable wait times and flight delays at major hubs including Atlanta, Chicago O’Hare, Los Angeles and New York airports.

TSA officers, who perform passenger and baggage screening, are classified as essential and required to report for duty despite the funding lapse. They missed their first full paycheck recently and face a second without resolution, prompting absenteeism spikes and warnings from unions that security could be compromised. Travelers have reported waits exceeding two hours at some checkpoints, with spring break travel amplifying the chaos.

Trump’s proposal would redirect ICE personnel — trained primarily in immigration enforcement, investigations and detention — to support or potentially supplement TSA functions. Details remain unclear: ICE agents lack the specialized months-long training TSA screeners receive for threat detection, X-ray interpretation and pat-down procedures. Officials suggested they might handle crowd management, line direction or ancillary roles to free TSA staff for core screening, though Trump’s rhetoric emphasized broader enforcement, including arrests of undocumented immigrants encountered at airports.

Critics, including Democrats and civil liberties groups, called the plan reckless and politically motivated. Senate Minority Leader Chuck Schumer accused Republicans of holding TSA pay hostage to extract concessions on immigration policy without reforms. House Democrats previously proposed separating TSA funding from contentious ICE and Customs and Border Protection allocations, but Republicans blocked the measure. Senate Majority Leader John Thune blamed Democrats for stalling negotiations.

The standoff reflects deeper partisan divides over immigration enforcement. Republicans demand increased border security funding and fewer restrictions on ICE operations, while Democrats seek oversight reforms and protections for certain programs. No breakthrough emerged from weekend talks, with another Senate vote attempt failing Friday.

Adding to the drama, billionaire Elon Musk offered Saturday to personally cover TSA salaries during the impasse. In an X post, Musk wrote: “I would like to offer to pay the salaries of TSA personnel during this funding impasse that is negatively affecting the lives of so many Americans at airports throughout the country.” The gesture drew praise from some as pragmatic relief but raised legal and ethical questions about private funding of federal employees, given potential conflicts with anti-deficiency laws and Musk’s business interests in government-regulated sectors.

No formal response from the White House, DHS or TSA on Musk’s proposal or Trump’s deployment plan had been issued by Sunday evening. DHS officials have stressed ongoing efforts to mitigate impacts, including partnerships with airlines for crowd control, but acknowledged escalating risks if the shutdown persists.

Travelers face continued uncertainty. The TSA has urged checking airport wait times via its app or website and arriving early. Some small airports have warned of potential temporary closures if staffing drops further. Aviation groups and business leaders have called on Congress to prioritize resolution, citing economic costs from delays and cancellations.

As the shutdown approaches 40 days, the crisis highlights vulnerabilities in federal funding processes and the human toll on essential workers. With no immediate deal in sight, airports brace for potential ICE presence starting Monday — a move that could reshape security protocols while intensifying political battles over immigration and government operations.

The discussion of ways to mitigate any energy price rises came after the government’s cost-of-living tzar, Lord Walker, who is also chief executive of supermarket chain Iceland, suggested in the Sunday Times that energy companies and petrol stations should have their profits temporarily capped as oil prices jump.