Adani Enterp. 2440.00↑6.05(0.25%)
Adani Ports 745.15↑6.35(0.86%)
Apollo Hospitals 4927.00↓-23.20(-0.47%)
Asian Paints 3206.00↑6.25(0.20%)
Axis Bank 965.90↑15.05(1.58%)
B P C L 355.70↓-1.10(-0.31%)
Bajaj Auto 4724.70↑14.65(0.31%)
Bajaj Finance 7091.50↑48.30(0.69%)
Bajaj Finserv 1471.00↑12.10(0.83%)
Bharti Airtel 829.85↓-4.65(-0.56%)
Britannia Inds. 4708.00↑25.40(0.54%)
Cipla 969.70↓-5.10(-0.52%)
Coal India 227.50↓-2.20(-0.96%)
Divi's Lab. 3510.00↑47.70(1.38%)
Dr Reddy's Labs 4625.95↑22.40(0.49%)
Eicher Motors 3701.05↑27.80(0.76%)
Grasim Inds 1768.80↑34.30(1.98%)
H D F C 2627.10↓-17.70(-0.67%)
HCL Technologies 1123.40↓-14.90(-1.31%)
HDFC Bank 1594.80↓-9.60(-0.60%)
HDFC Life Insur. 576.25↑2.10(0.37%)
Hero Motocorp 2903.00↑32.40(1.13%)
Hind. Unilever 2681.20↓-14.60(-0.54%)
Hindalco Inds. 414.30↓-5.40(-1.29%)
ICICI Bank 939.25↓-7.50(-0.79%)
IndusInd Bank 1304.50↑2.70(0.21%)
Infosys 1275.55↓-28.95(-2.22%)
ITC 441.75↑1.10(0.25%)
JSW Steel 713.60↑1.45(0.20%)
Kotak Mah. Bank 1948.55↑23.65(1.23%)
Larsen & Toubro 2275.35↑7.05(0.31%)
M & M 1411.35↑15.95(1.14%)
Maruti Suzuki 9736.90↑154.80(1.62%)
Nestle India 21640.60↓-193.55(-0.89%)
NTPC 175.20↑1.10(0.63%)
O N G C 153.45↓-1.95(-1.25%)
Power Grid Corpn 235.00↓-0.60(-0.25%)
Reliance Industr 2468.25↓-9.00(-0.36%)
SBI Life Insuran 1220.45↑5.05(0.42%)
St Bk of India 583.85↓-3.35(-0.57%)
Sun Pharma.Inds. 1013.30↑4.55(0.45%)
Tata Consumer 791.75↓-0.70(-0.09%)
Tata Motors 554.20↑7.95(1.46%)
Tata Steel 108.90↓-0.50(-0.46%)
TCS 3222.05↓-66.85(-2.03%)
Tech Mahindra 1083.20↓-26.15(-2.36%)
Titan Company 2875.40↑19.70(0.69%)
UltraTech Cem. 8090.00↑208.00(2.64%)
UPL 694.60↑4.60(0.67%)
Wipro 399.40↓-4.80(-1.19%)

Jaitley and Sitharaman: A look at divestment under the two NDA FMs

In his early days, PM Modi had said that the government would get out of most sectors, a vision which was given credence through the new policy of 'strategic sectors' announced by Sitharaman in 2020

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5 min read Last Updated : Jun 06 2023 | 3:13 PM IST

On May 29, Finance Minister Nirmala Sitharaman, at a press conference in Mumbai, said that the privatisation of public sector banks (PSBs) will go ahead as planned. This came as somewhat of a surprise to policy watchers as the plans for privatising two PSBs and one general insurer were announced two years ago. A top official told Business Standard that any PSB privatisation is unlikely to happen before the 2024 Lok Sabha elections.

Prime Minister Narendra Modi has been a proponent of divestment, and National Democratic Alliance (NDA) administrations have had a better track record than United Progressive Alliance (UPA) governments. In his early days, PM Modi had said that the government would get out of most sectors, a vision which was given credence through the new policy of ‘strategic sectors’ announced by Sitharaman in 2020.

After nine years of this administration, it would be instructive to compare the divestment and privatisatio