The Union cabinet is expected to take a decision on disinvesting in chronically sick state-carrier Air India this month and Niti Aayog Vice Chairman Arvind Panagariya is reported to have cited the privatisation experience of British Airways, Japan Airlines and Austrian Airlines as case studies. Here's a look at what they went through and how they are faring today.
NIKHIL RAMPAL
Going through their Instagrams and dissecting their ‘statements’ is not the astute political commentary you think it is—it is time for us to back off from targeting 20-year-olds.
Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.
New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
Without waiting for other much needed reforms, the RBI should be advised to open the tap, grant more bank licences. Had the government presence in banking atrophied over time, as it has in telecom and civil aviation, the mess in the PSBs would not be hurting the wider economy as much as it is. 2. The reluctance to privatise has nothing to do with ideology or intellectual conviction. However, with the figure of highly stressed loans now at close to eleven trillion, and rising, and given the volume of likely write offs, the government may find itself unable to hold out for much longer. 3. Not managing the economy well, of which the crisis in banking is only one component, can exact a high political price.
Without waiting for other much needed reforms, the RBI should be advised to open the tap, grant more bank licences. Had the government presence in banking atrophied over time, as it has in telecom and civil aviation, the mess in the PSBs would not be hurting the wider economy as much as it is. 2. The reluctance to privatise has nothing to do with ideology or intellectual conviction. However, with the figure of highly stressed loans now at close to eleven trillion, and rising, and given the volume of likely write offs, the government may find itself unable to hold out for much longer. 3. Not managing the economy well, of which the crisis in banking is only one component, can exact a high political price.