| Under
the NDA government disinvestment is increasingly turning
out to be a process in which surpluses are wrung out
of PSEs or government linked institutions to support
the budget, instead of the usual route of sale to private
buyers. Apart from adversely affecting the modernization
and expansion plans of PSEs, this change in the nature
of disinvestment does not enable the government to raise
its expenditure to the desired levels in a pre-election
year.
* This article was originally
published in the Frontline Print edition: February 15,
2019.
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