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credibility of Indian reforms riding on disinvestment programme

december 10, 2014by 0

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By Shumita Sharma Deveshwar of Trusted Sources The Indian government’s sale of a 5 per cent stake in the Steel Authority of India Ltd (SAIL) was meant to serve as a gauge of investor sentiment towards public sector stocks before the bigger sell-offs of shares in Coal India and the ONGC oil & gas group. But it has left some doubts about the potential success of the record disinvestment programme and the consequent reduction of the fiscal deficit.Read more (© The Financial Times Limited 2014)…

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