Privatizing Bharat Petroleum is a big deal

The money this deal could fetch the Union government is just the tip of the iceberg. Government owns just over 53 per cent of Bharat Petroleum Corporation Limited (BPCL). Valued at 20 times the earning per share (the same as Reliance Industries) the fair price for handing over strategic control of the company should be […]

RBI chickens out of stoking growth

The RBIs decision to hold the repo-rate (the administered rate at which the RBI lends money to banks) at 5.15 per cent for the second time in four months, mirrors the timidity of the Finance Minister in the budget proposals presented for FY 2021. Both are twins born of the same mother of policy paralysis […]

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