Focus on India Inc, not PSU Inc

Faced with a sea of stalled investment projects, finance minister P Chidambaram is understandably exercised, which is why he is exhorting PSUs to invest more, even threatening to take away their spare cash if they don’t do so. That, as we’ve pointed out before (http://goo.gl/cxvrE) and (http://goo.gl/ue4Yr) is probably not a great idea. If PSUs are sitting on cash, it’s probably because their investments are being slowed.

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