Monday, 5 December, 2022
TopicPrivatisation

Topic: Privatisation

Govt not in business: Modi govt accounts for 72% of all disinvestment since 1991, data shows

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.

Govt should stop ‘chasing high divestment targets’, says finance ministry official

The finance ministry official says to focus on privatisation of state-run companies instead, pointing to market volatility and investors' shaky appetite for risk.

Start planning to shut down sick PSUs approved by cabinet, Modi govt tells ministries

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.

The LIC way or the Air India way — that is the multi-crore disinvestment question

The real argument against disinvestment is that any sale of a large firm is likely to fall into an oligarch’s lap. No one would want to make them more powerful than they already are.

How Budget 2022 is largely transparent, but political

Budget deficit target is doable, increased capex is a positive & it takes a realistic, if political, view of disinvestment. But protectionism, rising debts, slashed subsidies are problems.

When a write-off is a triumph: Why Air India sale has both Tata & govt in buoyant mood

Govt could see deal as win considering airline’s dire debt spiral. Meanwhile, Tata should see scale of losses reducing quickly, & no more political attacks from ministers.

BPCL sale unlikely this fiscal, Modi govt will be Rs 60,000 cr short of disinvestment target

Govt had set ambitious target of Rs 1,75,000 crore in Union Budget, with over a third of receipts targeted from the listing of Life Insurance Corporation and privatisation of BPCL.

Dropping L1 criteria from public procurement a major reform but success hinges on clear norms

ThePrint view on the most important issues, instantly.

From challenge to a challenger – Why Air India’s new journey has a lot flying on it

Air India had ceased to be an option for many fliers. But with its return to the Tata Group, there are high hopes and a threat for IndiGo, SpiceJet and other players.

Socialists vs conservatives harmed Indian education. Bahujans need market forces

Bahujans will benefit greatly from access to contestable markets in education, though it may not meet egalitarian fancies of well-meaning comrades.

On Camera

YourTurn

Megha Thakur was no run-of-the-mill pretty face, but an influencer who touched many lives

21-yr-old Indian-Canadian Instagram star and TikTok celebrity Megha Thakur, who died this week, subverted the expectations of a content creator by opening up her mind and heart.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

The National War Memorial at India Gate, New Delhi | Photo: Suchet Vir Singh | ThePrint

A walk around National War Memorial to read 8 stories of heroism on 51st anniversary of 1971 war

ThePrint walks around the National War Memorial at India Gate in New Delhi & looks back at the stories of those who sacrificed their lives in the war and were awarded top gallantry medals.
Illustration: Soham Sen | ThePrint

Gujarat election is anything but dull. BJP’s political neurosis about AAP is the hidden headline

Gujarat is the only state where Modi is directly in contention. Even if he wins, the team that runs him closest has much to gain.