Finance Minister Nirmala Sitharaman informed Parliament that the privatisation of public sector banks (PSBs) is unlikely to take place in the current year. This despite an announcement in this year’s Budget. It is unclear why the government is delaying this critical process but it could use the extended time to address potential investors’ reservations about buying stakes in PSBs and focusing on governing standards, including freeing management from the long arm of the investigative agencies, the top edit argues. Read it here
In other views:
Vir Sanghvi points out that this week’s lynchings in Punjab remind us