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Economy

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Economy

Two decades of divestment: From jewels to lemons, how India’s PSUs lost their stature and suitors

Two decades after the first central PSU was privatised, the government is on its most ambitious disinvestment drive. Besides making another attempt to sell Air India, it has also put profitable entities such as BPCL and Concor on the block. But finding private buyers at the right prices is a lot tougher than it looks. Can Modi repeat Vajpayee’s success?

Economy

Two decades of divestment: From jewels to lemons, how India’s PSUs lost their stature and suitors

Two decades after the first central PSU was privatised, the government is on its most ambitious disinvestment drive. Besides making another attempt to sell Air India, it has also put profitable entities such as BPCL and Concor on the block. But finding private buyers at the right prices is a lot tougher than it looks. Can Modi repeat Vajpayee’s success?

Economy

It’s a 2008 crisis fallout: state-run banks’ high-octane balance-sheet growth fuelled NPA disaster

Constant prodding from the finance ministry to lend on a large scale to infrastructure projects to tide over the global financial crisis prompted unrestricted balance-sheet expansion by PSBs. This highlights the urgent need to reform India’s ailing financial sector, with an emphasis on transparency, accountability, and autonomy to state-run banks.

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