Govt Hasn’t Even Managed To Sell Air India In 5 Years; How Can It Execute Such An Ambitious Budget Plan?
So, the FM called a bunch of meetings — with industry titans, bankers, economists, small business owners, stock market investors, start-ups, labour unions and what not. Her officers furiously noted all the positive asks and compiled a copious list for her. She read it with severe trepidation. How would all of this get implemented? So, to give a balanced view, she inserted cautionary notes spoken by expert naysayers, in italics, and mailed the composite list to the PM:
But we’ve not been able to sell Air India for half a decade now. Even the profitable BPCL is on hold. Then there is Concor, Pawan Hans, and the LIC IPO hanging fire from the previous year. How can we ever execute such an ambitious agenda?
Nobody has raised an objection on this one.
- Set up a new Development Finance Institution (DFI) and capitalise it with Rs 20,000 cr.
- Simultaneously, create a bad bank in an…