Scrapping the latest version of the Consumer Expenditure Survey, or denial on China dependence reveal the govt's signs of immaturity that are hard to ignore.
Years of high disinvestment led to public sector company stocks falling even when overall markets were rising. Govt’s easing back on disinvestment has helped turn this around.
At current market capitalisation levels, if govt reduces stake in listed companies to 51%, it can earn Rs 1.7 lakh cr from non-financial companies & Rs 1.8 lakh crore from financial ones.
Govt has earned Rs 4.48 lakh crore from disinvestment since 2014. With inflation factored in, this still represents 57% of all disinvestment proceeds since 1991.
Centre expected to raise Rs 65,000-cr through disinvestment & privatisation of state-run firms this financial year. Govt official says move aimed at ensuring resources aren't wasted.
Crash that killed 4 one of several Pawan Hans chopper accidents in last few decades. These incidents, coupled with losses, operational issues & legal hurdles, may delay disinvestment.
The privatisation process was stalled after two bidders walked out over issues such as lack of clarity in fuel pricing, with just one bidder left in the fray.
Government has already met one-third of its Rs 65,000-cr disinvestment target for this year. But legal and procedural delays with high-value companies are now posing hurdles.
While govt was successful in selling Air India to Tatas, BPCL got pushed to the new financial year. The hope was it would be among the first big-ticket deals early in 2022-23.
Since 2014, shortfall in disinvestment targets was highest in 2021-22 in percentage terms, even though absolute figure peaked last year at Rs 1.72 lakh crore.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
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