Postponing the sale of state-owned assets will give Vajpayee government time to come up with a strategic design
What has happened to India's privatisation program, steaming right along and now at least temporarily derailed? You could answer this question in a single word; you could smugly say 'politics' and leave it at that. But there is more to India's hesitant sell-off of state assets than infighting among political parties and the allocation of patronage. Prime minister Atal Behari Vajpayee's announcement that privatisation would be halted for a three-month period has been greeted with chagrin at home and abroad. On ice now are the sales of Hindustan Petroleum, India's largest oil refiner and a ...
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