On Friday, Finance Minister Pranab Mukherjee replied to the concerns of government’s critics. The IIP (Index of Industrial Production) growth figures for December and January came in handy to the FM.

Retail investors and institutions have not given a very excited response to the offer of disinvestment of NDMC. It is now being speculated that government of India’s proposed target of revenue from disinvestment in the year 2009-2010 may fall short by about Rs. 2400 crores.

This is being feared in the light of the fact that [...]

Infrastructure is a major driver for India’s economic growth. The industry’s growth is deterred by poor project management practices leading to time delays, resource shortages and cost overruns. According to a study conducted by KPMG and Project Management Institute, “Of the 1,035 infrastructure sector projects completed during April 1992-March 2009, 41 per cent faced cost [...]

Disinvestment is showing good signs and the disinvestment department has announced that in the year 2010-2011, it will raise around Rs. 40000 crore from this process. The department is optimistic that it will be able to meet the target set by the Finance Ministry of India.
Sumit Bose, the disinvestment secretary, said, “Those Rs 40,000 crore [...]