India’s government wants to monetise state-owned assets

By KESLS RAM -
https://www.economist.com/business/2021/08/28/indias-government-wants-to-monetise-state-owned-assets
India's government wants to monetise state-owned assets from TheEconomist

First, the government still has uses for some of the firms; lic has served as a source of bail-out cash for struggling businesses. Second, the firms' employees are a powerful constituency that resists change. Third, like bureaucrats everywhere, Indian ones worry that a completed sale would prompt endless inquiries into whether the price was too low. For everyone involved, safer to do nothing. 7

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Best regards
Seetha Ram

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