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"The vulnerability to privatisation has increased"

Hindu Business Line reports that the although NDA government was unsuccessful in privatising a state-run firm, they “have sowed the seeds for a relatively trouble-free sale later on with the help of strategic divestment involving public sector undertaking (PSU) to PSU deals. (…) With its new owner not a PSU in the strict sense of the word, DCI has also lost its PSU and mini ratna status. This is not the case, though, with the other deals because ONGC, NBCC and PFC are owned by the government and hence HPCL, HSCC and REC will continue to be subjected to DPE norms. Yet, their vulnerability to privatisation has increased, government sources added.”

Source: @businessline

Private schools fail to upload balance sheet on websites

Chandigarh private schools “continue to flout the norms of the Punjab Regulation of Fee of Unaided Educational Institution Act, 2016, by not disclosing ‘obligatory information’ on their official websites, the Education Department remains a mute spectator to violations.” Chandigarh Parents’ Association president Nitin Goyal said “profiteering is clearly barred by the Supreme Court in all educational institutions. It has been stated that education is not a business, but an occupation. Due to this, the Chandigarh Administration allotted plots only to charitable trusts for opening schools.”

Source: Tribuneindia News Service