International Research Journal of Commerce , Arts and Science

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DISINVESTMENT OF PUBLIC SECTOR ENTERPRISES THE INDIAN EXPERIENCE

    1 Author(s):  SUSHILA

Vol -  5, Issue- 2 ,         Page(s) : 30 - 39  (2014 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

It was in the year 1998-99, when Prime Minister Shri Atal Bihari Vajpayee made a statement in parliament about disinvestment –"Disinvestment / Privatization is the only panacea for ills of loss making public sector undertakings." And soon the response from the opposition was "You can't sell the family silver to meet your daily expenditure." The Indian approach towards disinvestment seems to have gone totally wrong ever since the reforms process was initiated in the early 90's. The country now has lost the opportunity and its way as the pace of the entire process is very slow and lethargic in nature. While all the politicians claim to share a common platform on this issue but find the escape route by stating – "We agree in principle but differ in details", "Decide about strategic sale or public offer", "is it videshi or swedeshi", so on and so forth.

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