privatisation

Janata

BEST’s Contracting-Out of Bus Services: A Case Study in Privatisation

BEST’s Contracting-Out of Bus Services: A Case Study in Privatisation According to the currently dominant ideology, privatisation is identified with greater ‘efficiency’ (the meaning of which is kept vague). Privatisation may take different forms: the handing over of existing public sector assets to private investors; permitting private investors to enter sectors hitherto reserved for the…

Janata

India’s Private Banks and Private Investors: False Theory, Dangerous Consequences

India’s Private Banks and Private Investors: False Theory, Dangerous Consequences India’s private sector banks were held up for years as the standard of efficency and corporate governance to which public sector banks should aspire. But now it emerges that private bank after private bank has in fact been harbouring bad debts, fudged accounts, engaged in…