New government must revive disinvestmentPrime Minister Narendra Modi has never made a secret of the fact that he prefers reviving public sector enterprises to privatising them. This is probably part of the reason why, unlike in the last National Democratic Alliance regime, there is no minister for disinvestment in Mr Modi's government. The prime minister's track record as chief minister of Gujarat featured the turnaround of several public sector undertakings, or PSUs, owned by the state government - the example often given is that of Gujarat State Fertilisers & Chemicals, which was making a loss in 2003 but now provides a return on equity of 15 per cent. It is claimed that Gujarat PSUs were insulated from political interference by Mr Modi, and that lies at the heart of their resurgence.Still, there are good reasons why this should not be the automatic approach that Mr Modi takes at the Centre. As prime minister, he will certainly realise that stake sales in central PSUs have an imp

Time to start selling

Business Standard

PM's promise to clean the Ganga is difficult to fulfil

Rejuvenating a river

Acting on black money

Policy hurdles continue to slow growth of online retail

Strangling e-commerce

Next Budget should reduce illegitimate subsidies aggressively

Biting the subsidy bullet

Rahul Gandhi shouldn't lead Congress in Lok Sabha

Fix the responsibility      

But the Council of Ministers is a let-down

PM Modi takes over

Needed: A strategy to deal with non-performing assets

Asset quality compulsions

Evaluating Nehru's premiership, 50 years on

A contested legacy

Calcutta Stock Exchange submits to multiple illnesses

Last calls

India must crack down on Swiss banking malpractices

Lessons from Credit Suisse

Policy must target faster growth in labour-intensive sectors

What drives jobs?

Mr Modi's address at Central Hall has sounded the right notes

A good start

Regulators must be watchful of irrational exuberance

The rise of retail investors

New government must hit the ground running, and also focus on administrative reform

The tasks ahead

Non-tariff barriers spreading from food to electronics

Let consumers choose

Priority for new govt: accountability of enforcement agencies

Stop the harassment

Politicians need knowledge as an aid to judgement

Needed: a shadow Cabinet

Congress leadership must be held accountable

Mr Gandhi's failure

Social media's role became more important in this election

The other victor

India needs its navy operational now, not in the future

Be ready today

Incisive columns and editorial comment by top opinion leaders

Page 327 - Editorial Comment