Why in news? Last month, the Cabinet approved sale of the government’s stake in Bharat Petroleum Corporation Limited, a navratna public sector company with oil refining and marketing operations. Backgrounder The Public Sector Enterprises are run by the Government under the Department of Public Enterprises of Ministry of Heavy Industries and Public Enterprises. The government… Continue reading Should the government exit navratna companies?
The Hindu New disinvestment policy: The intention of the policy is not to shrink the public sector but assets, including land and cash balances, of government companies can be hived off and used for investment in new projects. And to increase efficiency. The renaming of the Department of Disinvestment as the “Department of Investment and… Continue reading It is disinvestment, not privatisation
The Hindu Issue Government is looking at creating a fund under India’s first sovereign wealth fund, NIIF, which will address capital requirements of domestic steel companies. NIIF National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country. NIIF, proposed to be set up… Continue reading Steel firms may get NIIF funding support
Article Link Summary: Divestment in India is a by-product of the economic reforms initiated in 1991. Although the objective of redefining the role of the government versus the market started in 1991 and there was considerable discussion on the role of PSUs, the process of divestment was formalized only after the Divestment Commission was set… Continue reading Divestment: More than just revenue
Article Link One of the biggest disappointments of 2015 has been the inability of the government to move forward on even the modest targets of disinvestment of Rs 69,000 crore ($11 billion)—especially strategic disinvestment of R28,000 crore ($4 billion). It should be noted here that if the government wants, it could move on disinvestment aggressively… Continue reading A Bold Disinvestment Strategy Needed