Opinion

Need to Revisit Disinvestment Strategy

Much of the support for privatization is based on the argument that public enterprises’ performance can be improved by exposing them to market forces. There is an underlying belief that private sector organizations are more efficient in comparison to public ones. In the last year, two private sector banks’ failure is a strong rebuttal to this widely held misplaced belief.

The zeal with which this year’s budget has taken a quantum leap by having a steep target of Rs 1.75 lakh crore during the year 2021-22 in revenue from disinvestment, privatisation, and asset monetisation seems highly inspiring. However, the timing of this aggressive leap of faith raises a lot of questions on the intentions of PSE reforms.

Is the timing having a lot to do with the burgeoning fiscal deficit necessitated on account of Covid-19? If yes, what’s the quantum of resource that would be put back into the PSE for further restructuring and strengthening?

How Top 100 Indian Billionaires can play a Crucial Role in Reducing Income Inequality

According to Oxfam’s report, India’s top 10% of the population holds 74.3% of the total national wealth while the bottom 90% owns 25.7% of national wealth. The report puts the gravity of this inequality problem at the center stage.

In fact, if we look at the increase in wealth of India’s top 11 billionaires during the pandemic, we can see that the amount could sustain the NREGS scheme or the health ministry for the coming ten years.

Chasing Mirage, Quite off the Mark

Are the near cent per cent marks a sign of higher intelligence or a profound systemic failure? I’m afraid there is no readymade answer to this question. However, a sincere attempt can be made to diagnose the underlying pathological condition of exceptional academic performance from the perspectives of different stakeholders; namely, parents, institutions, future employers, …