Modi government's disinvestment decision is already facing stiff opposition from employees of BPCL, Container Corporation of India, and even the Swadeshi lobby.
The government set a tax collection target of Rs 13.8 lakh crore during the interim budget in February, which was revised to Rs 13.35 lakh crore when budget was presented in July.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
Kadva ghoont bharna padega. The fisc is at breaking point. We do not even know what the true numbers are. Providing VRS to the employees is the most the government can do. For that matter, let us not draw too sharp a distinction between profitable and loss making PSUs. It does not take long to move from the first category to the second. This is a challenging time for the economy, whoever is in power. Let India not end up like Latin America.
Kadva ghoont bharna padega. The fisc is at breaking point. We do not even know what the true numbers are. Providing VRS to the employees is the most the government can do. For that matter, let us not draw too sharp a distinction between profitable and loss making PSUs. It does not take long to move from the first category to the second. This is a challenging time for the economy, whoever is in power. Let India not end up like Latin America.