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PRIME Minister Narendra Modi had a point when he stated that “good work” was often tangled in partisan politics at a recent function in the national capital. He did not allude to the wave of protests swamping the country over the Agnipath scheme touted by the establishment as regeneratin ....
PSU disinvestment: Selling family silver, learn from past, said former CMD of VSNL BK Syngal PSU disinvestment: Selling family silver, learn from past, said former CMD of VSNL BK Syngal Public Sector Companies May Not Be Innovative, Transformative Or Agile, Which Is A Need To Survive And Be Relevant In The 21st Century; But These Companies Have Brand Equity, Prime Immovable Assets And Operational Set-ups, Which Have Considerable Embedded Value Built With Taxpayersâ Money. They Should Be Divested Thoughtfully. By : Rahul Mishra | Updated on: 13 Oct 2017, 10:29:49 AM New Delhi: The government is expected to raise Rs 15,000 crore from strategic disinvestment of public sector units (PSUs) in the current fiscal. Air India, BEML, Scooters India, Pawan Hans, Central Electronics, Bharat Pumps & Compressors Ltd Bridge & Roof Co, Projects & Development, Hindustan Newsprint and Hindustan Prefab are th ....
11 The government’s decision to move from pseudo-privatisation to an actual sell-off, amounting to relinquishing of control, has triggered celebrations on the stock market. Shares of the four banks, assumed to be privatised immediately, hit upper circuits. Privatising chronically sick, money-guzzling public sector undertakings (PSUs) is, indeed, a good thing, especially in sectors where the government has no business being in business. A broad policy framework, classifying PSUs into strategic and non-strategic, preceded the decision to sell or close 151 non-strategic ones. But there is no clear roadmap of how this will be done and most information in the public domain is from ‘source’-based news reports. ....