'As long as the government does not want to let go of the public sector companies they will not get value for their shares and the companies will grow in such a competitive environment. It will be a national loss,' says G V Ramakrishna.
In its bid to induct mechanisation and increase productivity, Mumbai Port Trust is planning to privatise its four cargo terminals and will float tenders inviting bids from private players by this month end.
Ramesh asked the PM why river Ganga is "dirtier than before" even after spending Rs 20,000 crore on the Namami Gange project.
'He was the best court craftsman that I have ever seen who could modulate his arguments in accordance with the judge and the mood.'
Government has postponed by a month a decision to privatise four of the countrys biggest airports pending more inter-ministry consultations, Information and Broadcasting Minister Sushma Swaraj said on Friday.
The government told the Rajya Sabha on Thursday that Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited would not be privatised in the near future.\n\n\n\n
'The private sector believes that some enablers in labour-intensive sectors like apparel, toys, tourism, and media retail, can unlock a lot of jobs.'
The Union Cabinet is likely to take up the issue of airport privatisation before the Budget Session of Parliament resumes early next month, official sources said
These companies had an accumulated loss of Rs 55,656 crore (Rs 556.56 billion) in 2012-13.
The government indicated on Saturday that an early decision was likely on the proposals of fleet acquisition by Air-India and Indian Airlines as well as of privatisating the four metro airports.
India plans to push ahead with listing Bharat Sanchar Nigam, the state-owned telecoms group, in what would be the country's first large privatisation since the government came to power four years ago.
Included in the list are Industrial Development Corp of Orissa, Coop Spinning Mills of Nayagarh, Badamba and Baragarh, Kalinga Spinning Mills, Dhenkanal and Gopi Spinning Mills, Baliapal.\n\n
Government has found common ground on its stalled privatisation drive after a crucial meeting of allies within the ruling coalition.\n\n\n\n
Passengers of a San Francisco-bound Air India flight faced a harrowing time due to an inordinate delay and some of them fainted as the aircraft's air-conditioning system was non-functional.
Indian Railways need a facelift, says Suresh Prabhu.
A peek into the life of a public-sector banker who did well professionally, but paid a price for it, points out Tamal Bandyopadhyay.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
Non-availability of minimum facilities is the sacrifice the rural poor are being forced to make in pursuit of the Left's ideology.
'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'
As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers. Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions' Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company's presentation shows. This gain came at over 13 per cent growth in the year-ago period.
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
The finance ministry website that lists the total disinvestment revenues to be mobilised during the current year already shows that no receipts are expected from strategic sales in the current year.
Pusapati was given detailed presentations on various aspects of the sector by senior officials of the Ministry.
The anti-labour policies of the government will leave the employees in the lurch and take away all their safeguards, says V K Gupta, Delhi convenor of United Forum of Bank Unions.
'We have to think of the repercussions if public sector banks are privatised and if they go to foreign hands.'
Assuming we still have a Modi-led majority government after May 2024, there is no guarantee that reforms will move at anything more than a snail's pace, though we must be thankful even for that, notes R Jagannathan.
Ahead of the Budget, the government has achieved almost half the divestment target of Rs 65,000 crore. FY23 divestment receipts are unlikely to be anywhere close to the budgeted target.
Norms limiting airlines' stake in SPVs managing airports to hurt Tatas.
Goyal's statement comes in the wake of RGPPL board giving its approval last month for the conversion of debt into equity equivalent to interest dues of Rs 405 crore (Rs 4.05 billion).
There are 30 listed PSUs in which the public holding is less than 25%.
All eyes will be on whether Sitharaman will deliver a populist budget leaving more money in hands of the common man or push the reform agenda by staying on the fiscal glide path to lower the fiscal deficit to 4.5 per cent of GDP by 2025-26.
Eminent NRI industrialist Lord Swraj Paul on Saturday stressed that the country should speed up privatisation, tax reforms and reduce corruption.
Over the years India's governments have turned several public goods into private ones, says T C A Srinivasa-Raghavan.
Earlier, proceeds from disinvestment were shown separately as part of the miscellaneous receipts in the Capital Receipts Budget.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
