The govt wants to sell a 76% per cent stake in AI that comes with a debt of Rs 33,392 crore; the remaining 24% is likely to be sold later, when share prices go up.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
The analogy is not strictly correct, although realising a better price for the residual 24% stake a few years from now would offer some recompense to a nation that has served so much champagne and caviar to the Maharajah over the years. Maruti was a first rate company, its 800 saw the automotive sector come of age in India. With the benefit of hindsight, it could be argued that it ought to have remained a government owned crown jewel, continuing to buy technology from Suzuki of Japan. 2. Air India is a basket case. We should not be surprised if not a single bid is received. The proposition that the buyer should take over 50% of its debt is a deal killer. Instead, all assets, aircraft, landing slots, real estate ( which could be parked in a separate entity ), ground handling and other facilities could be fairly valued and put up for acquisition by the new owner. The entire debt, so lovingly built up by successive governments whose functionaries enjoyed the perks of public ownership, will have to be cleared by the government, likely paid for by issuing bonds, the preferred option. The greatest relief is that continuing hemorrhage will be avoided. 3. Air India should have been sold in the first year, ideally six months. That would have set the government on a much more promising flight trajectory of reform and prudent management of the economy.
The analogy is not strictly correct, although realising a better price for the residual 24% stake a few years from now would offer some recompense to a nation that has served so much champagne and caviar to the Maharajah over the years. Maruti was a first rate company, its 800 saw the automotive sector come of age in India. With the benefit of hindsight, it could be argued that it ought to have remained a government owned crown jewel, continuing to buy technology from Suzuki of Japan. 2. Air India is a basket case. We should not be surprised if not a single bid is received. The proposition that the buyer should take over 50% of its debt is a deal killer. Instead, all assets, aircraft, landing slots, real estate ( which could be parked in a separate entity ), ground handling and other facilities could be fairly valued and put up for acquisition by the new owner. The entire debt, so lovingly built up by successive governments whose functionaries enjoyed the perks of public ownership, will have to be cleared by the government, likely paid for by issuing bonds, the preferred option. The greatest relief is that continuing hemorrhage will be avoided. 3. Air India should have been sold in the first year, ideally six months. That would have set the government on a much more promising flight trajectory of reform and prudent management of the economy.