Political authority and economic power are now concentrated in the hands of ministers and bureaucracy. Democracy is bound to degenerate into dictatorship, wrote MA Master in August 1960.
PSUs were generally considered a drain on government resources. However, things have changed dramatically under the Modi Government. This is evident from several metrics.
CBI FIR, filed Wednesday, came more than three years after the agency opened a preliminary enquiry into allegations of collusion between JNPT officials and some private firms.
Ministry of Finance also informed Parliament that from 2023-24 onwards, it has stopped providing targets in budget for how much it expects to receive through disinvestment.
If the government believes in value creation as a strategy for the public sector, it needs to urgently do something more than just infusing additional equity.
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
After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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