With general elections on the horizon, the government s privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation.
The result the divestment target for current fiscal year is again likely to be missed.
Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections.
Disinvestment fetches over Rs 4 20 lakh cr in 10 years but target to be missed again in FY24 dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
India Business News: Adani Ports is divesting its 49% stake in Adani Ennore Container Terminal (AECTPL) to Terminal Investment (TiL) for Rs 247 crore. The box terminal loc
Ennore Oil Spill: Considering oil leak or oil spill is among the worst ecological disasters, there are various stern measures that authorities can take, which includes hefty penalty to jail term.