Page 6 - Private Sector

Without red tape, plans to let private sector manage surplus land can work

It took nearly 70 years for the Government of India to recognise the merits of allowing the private sector to manage surplus government land

Q3 GDP numbers: Private sector investments will pick up soon, say experts

Gross fixed capital formation (GFCF) contracted by 6.48 per cent in Q4FY20. It plunged in Q1FY21 before returning to earlier levels in Q2

The 'babu' question

Appointment of bureaucrats as PSU heads is illogical

Deregulation of geospatial data sector opens a new world for private sector

The domestic availability of locally relevant maps and geospatial data is expected to bring about improved management of resources

Best of BS Opinion: PSB privatisation, vaccinating India brilliantly & more

Here's a selection of Business Standard opinion pieces for the day

Fiscal doves in India: right and wrong

The idea that fiscal prudence and welfare of the less well-off are mutually exclusive is misplaced

Vaccinating India brilliantly

The government has laid out the right protocol for the Covid vaccination drive. Now let the private sector get on with the job

Privatisation: But from which PM Modi?

Human memory is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor "doing business" climate, taxtortion, extortionate oil prices

Unlocking public assets

Govt's plan to monetise assets has rewards and risks

Best of BS Opinion: For whom Covid bell tolls, Defending pvt sector & more

Here's a selection of Business Standard opinion pieces for the day

Defending the pvt sector

Govt must strengthen the overall regulatory framework

The public sector has failed but private sector is hardly an inspiration

Though private sector now creates more jobs than public sector, the scale of operations of even the giants in Indian biz has not been big enough to alter employment dynamics the way China has managed

Culture of abusing private sector no longer acceptable: PM Modi

Modi on Wednesday stressed on the private sector's vital role in the economy and asserted that the culture of "abusing" it for votes is no longer acceptable

Budget envisages private sector participation: FM Nirmala Sitharaman

This would facilitate the private sector in areas such as power, roads, ports and airports, among others

Bill in the works to have two sets of DFIs: Govt and private

Currently, some entities are working as a kind of DFI in their niche areas such as Indian Railway Finance Corporation, National Bank for Agriculture and Rural Development, and Small Industries Develop

In India's K-shaped economic recovery, keep a watch on middle-income groups

India's better-than-expected recovery story was scripted by households, and not government spending or private sector investments

Share of family-owned firms in total market capitalisation rises to 64.5%

The combined m-cap of all private sector companies rose by 24.4 per cent this year to Rs 142.4 trillion as of December 24, up from Rs 114.5 trillion at the end of December 2019

Climate change push

Pvt sector participation is a welcome step

Haryana assembly passes bill on 75% job quota in pvt sector for locals

The Haryana Assembly on Thursday passed a bill to give 75 per cent reservation in private sector jobs to youth from the state, an election promise made by ruling alliance partner Jannayak Janta Party. The Haryana State Employment of Local Candidates Bill, 2020 provides a 75 per cent job quota for local people in private sector jobs which offer a salary of less than Rs 50,000 a month. It applies to private companies, societies, trusts and partnership firms, among others, located in the state. The state governor has to give assent to the bill before it becomes law. The Bill was tabled by Haryana Deputy Chief Minister Dushyant Chautala in the state assembly here.

LTC cash voucher scheme: If you spend less, tax benefit will be lower

Under cash scheme, now extended to private-sector employees, 3x the LTC fare has to be spent