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
While the Russia-Ukraine war saw the BJP projecting PM Modi as a ‘vishwaguru’ who could end international conflicts, the party has made a nuanced shift in its electoral strategy vis-à-vis the West Asia war.
Report on impact of AI emergence—drawing upon depositions from several ministries—confirms that the developments come in the absence of AI laws or considerations over them.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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.