Getting out of business
The Modi government has finally plucked up the courage to make bold decisions on privatising some of India’s largest state-owned companies, and in doing so redeems a pledge to get government out of the business of business. The Narendra Modi government has decided to kick off its privatisation programme with the big ticket strategic sales of its stakes in the country’s second largest downstream oil company Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India, India’s largest shipping company, Container [...]