Page 17 - Privatisation

Best of BS Opinion: Unlocking public assets, terms of disengagement & more

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

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

A different Modi: The PM is no longer shy of showing his real hand

A faltering economy may have led to a re-think on economic strategy. And Mr Modi might think he is politically strong enough to take some risks. But there could be a minefield ahead, writes T N Ninan

Privatisation not panacea for all ills: ex-RBI deputy guv S S Mundra

Fomer RBI deputy governor S S Mundra Friday said that privatisation is not a panacea for all the ills and this myth has long been busted

Govt eyes different monetisation models to raise resources for investments

Unlike privatisation, monetisation of assets does not require transfer of ownership to private hands; instead, projects are vested with a trust or a private operator

Govt is targeting to conclude BPCL privatisation in Q1FY22: DIPAM Secretary

The government has recei­ved three preliminary bids to buy controlling stake in the country's second-largest fuel retailer

Defending the pvt sector

Govt must strengthen the overall regulatory framework

How will we give jobs? PM Modi's strong pitch for privatisation

Prime Minister Narendra 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. If the public sector is important, the role of the private sector is also vital, he said during his reply in Lok Sabha to the discussion on the motion of thanks to the President's address. Watch the video for more.

Centre plans to take OFS route to sell 20% in National Fertilizers

Sale could fetch govt around Rs 408 crore

A steep fiscal correction

With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction

Top headlines: India says Covid deaths falling; bank unions call for strike

Business Standard brings you top news of the evening

Working with RBI to execute bank privatisation announced in Budget: FM

Speaking to reporters in the financial capital, Sitharaman also said that the government has no plan to form any bank investment company to house the government stakes in banks

India's aspiration needs 20 SBI-sized institutions: FM Sitharaman

Sitharaman said the government would work with the Reserve Bank for execution of the bank privatisation plan announced in the Budget

The what, why & how of bank privatisation

The government must continue to own a few big banks to address market failures.

Railways, Department of Posts, AAI not to be privatised under PSE policy

Public sector enterprises in the nature of development and regulatory authorities, autonomous organisations, trusts, development financing institutions would also be out of the policy

Trade unions and political parties oppose privatisation of RINL

: Hundreds of employees of Visakhapatnam Steel Plant on Friday took out a protest rally against the proposed divestment of Rashtriya Ispat Nigam Limited (RINL), the corporate entity of the steel- maker. The parties, including the ruling YSR Congress, supported the agitation. The protestors demanded that the Centre withdraw its proposal and save the steel plant as it is one of the biggest and profitablepublic sector undertakings in the state. The Union Cabinet had cleared the privatisation of Rashtriya Ispat Nigam Ltd (RINL), DIPAM (Department of Investment & Public Asset Management) Secretary Tuhin Kanta Pandey tweeted on February 3. The RINL strategic sale proceeds would be part of the disinvestment target for next fiscal. The government has budgeted Rs 1.75 lakh crore from disinvestment in 2021-22 fiscal beginning April 1. "The CCEA (Cabinet Committee on Economic Affairs) had, on January 27, 2021, given in-principle approval for 100% strategic disinvestment of the

Air India divestment expected to be closed in first qtr of FY22: DEA secy

We have taken up some big-bang disinvestments, particularly Air India and LIC on priority, said Bajaj

Govt likely to fetch around Rs 15,000 crore from sale of Air India

Prospective bidders are perhaps ascribing zero value to the equity of the financially-stressed company, a source said. The Tata group is being considered a frontrunner for acquiring Air India

Cabinet gives in-principle approval to privatise Rashtriya Ispat Nigam

The government currently holds 100 per cent stake in the maker of crude steel.