What is Divestment or disinvestment

Congress initiated the privatisation process in 1991 and disinvestment of worth over Rs one lakh crore was made in 1991 and the following years, she said

Here is the best of Business Standard's opinion pieces for Friday

The government is expected to complete the sale of the national carrier with at least two buyers expected to submit financial bids by September 15

The disposal may only take place as soon as early next year rather than in 2020, one of the people said, asking not to be identified as the matter is private

Once Air India is sold to private buyer, Cairn's claim will be defeated: Official

This move, however, will not impact employees who have affirmative action benefits.

Proposed move may fetch Centre Rs 2,300 crore

We have taken up some big-bang disinvestments, particularly Air India and LIC on priority, said Bajaj

Policy on strategic disinvestment is a huge break from the past

There are several welcome standalone reforms but these do not add up to a coherent strategy to achieve a $5 trillion economy

Moody's, while silent on the sovereign rating on the higher-than-expected fiscal deficit numbers, expressed doubts over attaining the higher revenue targets and divestment realisation

The government focuses on developing infrastructure, dares to gamble on deficit.

Given the series of policy announcements made by Finance Minister Nirmala Sitharaman in the last 9 months it is reasonable not to expect more this time

The govt's net revenue in the April-July period of 2020 contracted 42%, as its overall expenditure growth was kept at 11%. A K Bhattacharya explains the government's challenges in fixing the economy

Two of the top executives in the board are set to superannuate from the services of the corporation on August 31

According to them, LIC today is managing assets in excess of Rs 32 trillion

Any slippage in disinvestment numbers combined with other revenue shortfall would mean the govt would have to borrow more in the market

It has proposed selling 100% stake in Air India along with budget airline Air India Express and the national carrier's 50% stake in AISATS, an equal joint venture with Singapore Airlines.

BPCL is in the process of buying land from Hindustan Organic Chemicals to set up the planned facilities

Moreover, for FY20, officials said the revised divestment plans will not be derailed because of cancelled road shows in the Far East over fears of Coronavirus