The trouble with disinvestment

Disinvestment of government-owned shares in public sector undertakings (PSUs), currently a topic of intense discussion within the finance ministry, is not a new idea. It was mooted as early as 1991, when Yashwant Sinha's vote-on-account budget in March outlined the importance of the government divesting its equity stake in PSUs. Later that year, Manmohan Singh, as finance minister, gingerly began work on disinvestment of government shares in selected PSUs.

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