Keep divestment simple

Every year, the approach of the fiscal year-end is the cue for the government to hastily kick-start its public sector divestment programme. This year, the action is even more frenzied than usual with the exchequer already hitting 94 per cent of the fiscal deficit target. So far, the divestment programme has not contributed much to the cause, raising less than Rs 5,000 crore against the lofty annual target of Rs 40,000 crore.

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