After 20 years, privatisation programme in India off to 'Maharaja' start

After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group.......

Why Air Indias' privatisation sailed & BPCL's is dragging on

Changing tracks helps. But, not taking the beaten path isn't always helpful. Illustration: Uttam Ghosh/Rediff.com This is the story of two of India's biggest privatisations - Air India and Bharat......

Time For RBI To Change Penalty Rules

Penalty must act as a deterrent.If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay. Photograph: PTI......

Highlights of Union Budget 2021-22

Finance Minister Nirmala Sitharaman read out the Union Budget speech in the Lok Sabha from a tablet on Monday instead of a conventional paper document. Illustration: Dominic Xavier/Rediff.com......