"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.”

Published on

Mar 25, 2019




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