The writing on the wall says privatisation of banking is inevitable; how it is done is a matter of academic interest
Days before curtains come down on 2019, we look at the key decisions and ideas that shaped the year
Govt sounds out select few firms over stake sales; might push process to next financial year
Within the markets segments, they do not forecast a major underperformance by the mid-caps in 2020 given the valuation comfort
In April 2003, the Cabinet Committee on Disinvestment had decided to suspend any divestment in SCI.
They say amendment to Electricity Act, 2003 will also impact farmers and weaker sections of society
The CEA's views came amid questions over stake sale in profit-making PSUs
The officers union was not opposed to private competition but they should not be handed on a platter assets set up over years.
The first deal will clear the path for many more. It will also be the toughest to execute
The Modi govt is strong enough to override the resistance that has come from some quarters, but it should be mindful of reputation risks in decisions on complex financial questions, writes T N Ninan
Currently, 95 per cent of retail petrol and diesel sales and near 100 per cent of cooking gas (LPG) and kerosene sales are controlled by the public sector units.
After winning a second consecutive term, Modi is realizing his popularity and support going forward hinges on passing tough reforms that unleash growth and create jobs
DIPAM is in the process of appointing transaction and legal advisors for BPCL, Concor, and SCI
It is a reflection of the changed circumstances in India over the last 25 years that we are not accepting a growth rate of 5 per cent
Private consumer spending grew by 5 per cent year-on-year, improving slightly from the previous quarter
Here are some of the issues on the table
Last year, the government had decided to privatise airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati
Congress leader Anand Sharma also said that the non-performing assets' level of Indian banks had gone up to Rs 11 trillion, from Rs 3 trillion
Moody's rating action assumes that BPCL's status as a government-owned entity in India will continue until at least the conclusion of the proposed sale
Privatisation is at the centre of any move to liberalise the economy, more so, if we want to become a developed country one day