Letter to BS: Strategic sale welcome decision but should have come earlier

Your editorial “The big push, finally” (November 22) makes for an encouraging reading and if indeed all these strategic sale and transfer of control in various PSUs is concluded by March 31, 2020, the government would not be too far from the disinvestment target of Rs 1.05 trillion for the current fiscal. It sounds good but perhaps not as easy to achieve. Let’s look at the ground reality.

First, the transfer of stake in the Numaligarh refinery will take a month or two. In all likelihood, due diligence of BPCL by a potential strategic buyer will start only after that. Also,