If the reason why PSU privatisation is politically challenging is that the people are swayed by emotional arguments, then it is incumbent on the government to work on its communication
The larger issue is not whether the Tata Sons chairman has performed or not, but whether Tata as a conglomerate has a clear policy on how it is going to allocate capital.
The ex-RBI governor, in an interview, said many firms globally have yet to implement AI at scale, leaving opportunities for the Indian software firms. The transition will be gradual and a large scale displacement is unlikely.
It is estimated the deal would eventually work out to cost around $9 bn at least for 6 submarines—negotiated down by India. Original bid by state-run MDL & TKMS was over Rs 1.2 lakh cr.
If privatisation was politically challenging Air India would have never been privatised. The truth is that it is the government itself that isn’t interested. PSUs are milch cows for the government to please it’s own with perks, posts, dividends etc all with tax payers money. If the government was serious it could have set the ball rolling by selling some shares, at a good price to retail investors and then negotiate a price with any group that wishes to takeover the rest. The realised funds could be earmarked for the aam aadmi’s welfare, further muting any opposition.
Leftists will get heart attacks at the mention of privatisation. Commeidians like Karats, Rajas, and Yechurys will die en masse.
If privatisation was politically challenging Air India would have never been privatised. The truth is that it is the government itself that isn’t interested. PSUs are milch cows for the government to please it’s own with perks, posts, dividends etc all with tax payers money. If the government was serious it could have set the ball rolling by selling some shares, at a good price to retail investors and then negotiate a price with any group that wishes to takeover the rest. The realised funds could be earmarked for the aam aadmi’s welfare, further muting any opposition.