Disinvestment, then and now

We don’t slaughter cows, Arun Shourie once said, we starve them to death. The disinvestment minister in the Atal Behari Vajpayee government knew it too well. For public sector undertakings (PSUs) are the biggest holy cows of the country, many of which are dying a slow death; Air India is one example. But no slaughter or sale.

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