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
Driven by govt’s infra push, Make in India & transition to green energy, PSUs across sectors have seen their stocks jump more than 100% in one year, even by 300-400% for some.
With the latest additions, India now has 13 Maharatna & 13 Navratna PSEs. ThePrint looks into these statuses & why they're important for growth of public sector.
In 2018, when HAL was listed on the stock market, its total market capitalisation was $3.87 billion. As of June 2023, it stands at $14.76 billion — or about Rs 1.18 lakh crore.
Modi govt should provide better justifications for investing nine million taxpayers’ money in BSNL beyond providing connectivity to 25,000 villages and funding VRS for redundant employees.
Projects of Ministry of Housing & Urban Affairs were given to Fusion Corporate Solution and negotiations were on for two more projects of other ministries, says agency.
The BCCI decision has given new life to the lunatic fringe of the Hindu Right. It now has the confidence to force policy changes in accordance with its communal campaigns.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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.