Maintaining fiscal discipline by disinvestment u2013 the economic paradox disinvestment u2013 the economic paradox
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The Indian economy has been passing through a turbulent time over the last few quarters. With a u0003 consecutive quarter de- growth, all eyes were set on the first Budget of NDA u008f . u0090 . With the Budget done and dusted, which added to tremendous amount of volatility in the financial markets with the headline indices going down almost u00a0 , u0090 u0090 u0090 points on the day of the Budget, followed by a gain of almost the same magnitude a couple of days later. However, one of the important points that the Budget presented was the disinvestment of LIC; thereby triggering the debate that by selling stake in the blue chip company of the Government is it like selling family silver or step in the right direction towards overall globalization.
Disinvestment means sale or liquidation of assets by the Government.
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