Live Breaking News & Updates on துலிப் விருந்தோம்பல்

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The government’s decision to move from pseudo-privatisation to an actual sell-off, amounting to relinquishing of control, has triggered celebrations on the stock market. Shares of the four banks, assumed to be privatised immediately, hit upper circuits. Privatising chronically sick, money-guzzling public sector undertakings (PSUs) is, indeed, a good thing, especially in sectors where the government has no business being in business. A broad policy framework, classifying PSUs into strategic and non-strategic, preceded the decision to sell or close 151 non-strategic ones. But there is no clear roadmap of how this will be done and most information in the public domain is from ‘source’-based news reports.  ....

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