Call disinvestment 'recycling' for better optics: Industry executive to FM

Finance Minister Nirmala Sitharaman got unique policy suggestions in her first interaction with industry after presenting her Budget. While lauding her big disinvestment target of over Rs 2 trillion for the next fiscal year at a gathering organised by the Federation of Indian Chambers of Commerce and Industry, an industry executive observed public sector assets were not really for sale but were being “recycled”. “You should call it a department of recycling so that there is a positive twist to the government’s intent. Even my father keeps asking me why government companies are being sold,” the executive quipped. It was