₹63,749.3 crore as dividends, but raised only ₹16,507.3 crore by offloading equity. Movement on IDBI has raised the hope that this part of the reform agenda will be given greater priority.
That public sector enterprises are performing well is not a good argument to retain ownership. It’s a question of whether the state should be running businesses in non-strategic sectors.
It should not. But the real test of adherence to this ideal is whether the government withdraws from markets that are best left to the private sector.
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