NDA falls short of expectations

(Reuters) - India will fall well short of its $9.5 billion privatization target this year, despite a big stock market rally that has attracted foreign investors, two government sources told Reuters.

Prime Minister Narendra Modi's ambitious selloff agenda has met resistance from labor unions and faces delays due to bureaucratic upheaval caused by a purge of the top team at the finance ministry that handles asset sales.

In his maiden budget, Jaitley set a target of raising 584 billion rupees ($9.5 billion) from the sale of shares in companies in which the state has majority and minority stakes.

Yet the government has so far raised 518 million rupees, less than one thousandth of its target, with more than half of the fiscal year gone. The budget assumes that sell-off proceeds will generate 5.6 percent of total revenues.

confuzzled dude wrote:

(Reuters) - India will fall well short of its $9.5 billion privatization target this year, despite a big stock market rally that has attracted foreign investors, two government sources told Reuters.

Prime Minister Narendra Modi's ambitious selloff agenda has met resistance from labor unions and faces delays due to bureaucratic upheaval caused by a purge of the top team at the finance ministry that handles asset sales.

In his maiden budget, Jaitley set a target of raising 584 billion rupees ($9.5 billion) from the sale of shares in companies in which the state has majority and minority stakes.

Yet the government has so far raised 518 million rupees, less than one thousandth of its target, with more than half of the fiscal year gone. The budget assumes that sell-off proceeds will generate 5.6 percent of total revenues.

http://www.reuters.com/article/2014/11/06/us-india-privatisation-exclusive-idUSKBN0IQ15520141106

-> despite getting a break from dropping oil prices and global economy in general; a reality check for Modi the fekuster..

madrasi_idiot wrote:

confuzzled dude wrote:

(Reuters) - India will fall well short of its $9.5 billion privatization target this year, despite a big stock market rally that has attracted foreign investors, two government sources told Reuters.

Prime Minister Narendra Modi's ambitious selloff agenda has met resistance from labor unions and faces delays due to bureaucratic upheaval caused by a purge of the top team at the finance ministry that handles asset sales.

In his maiden budget, Jaitley set a target of raising 584 billion rupees ($9.5 billion) from the sale of shares in companies in which the state has majority and minority stakes.

Yet the government has so far raised 518 million rupees, less than one thousandth of its target, with more than half of the fiscal year gone. The budget assumes that sell-off proceeds will generate 5.6 percent of total revenues.

http://www.reuters.com/article/2014/11/06/us-india-privatisation-exclusive-idUSKBN0IQ15520141106

-> despite getting a break from dropping oil prices and global economy in general; a reality check for Modi the fekuster..

do you read what you post/quote? how can labour unions resist the state's divestment of equity in a PSU? are you a fekuster? 

edit. like an occasional drinker that i am, i will continue to be an occasional participant i feel.

confuzzled dude wrote:

madrasi_idiot wrote:

confuzzled dude wrote:

(Reuters) - India will fall well short of its $9.5 billion privatization target this year, despite a big stock market rally that has attracted foreign investors, two government sources told Reuters.

Prime Minister Narendra Modi's ambitious selloff agenda has met resistance from labor unions and faces delays due to bureaucratic upheaval caused by a purge of the top team at the finance ministry that handles asset sales.

In his maiden budget, Jaitley set a target of raising 584 billion rupees ($9.5 billion) from the sale of shares in companies in which the state has majority and minority stakes.

Yet the government has so far raised 518 million rupees, less than one thousandth of its target, with more than half of the fiscal year gone. The budget assumes that sell-off proceeds will generate 5.6 percent of total revenues.

http://www.reuters.com/article/2014/11/06/us-india-privatisation-exclusive-idUSKBN0IQ15520141106

-> despite getting a break from dropping oil prices and global economy in general; a reality check for Modi the fekuster..

do you read what you post/quote? how can labour unions resist the state's divestment of equity in a PSU? are you a fekuster? 

edit. like an occasional drinker that i am, i will continue to be an occasional participant i feel.

and you claim that you live in India and own a business.

confuzzled dude wrote:

madrasi_idiot wrote:

confuzzled dude wrote:

(Reuters) - India will fall well short of its $9.5 billion privatization target this year, despite a big stock market rally that has attracted foreign investors, two government sources told Reuters.

Prime Minister Narendra Modi's ambitious selloff agenda has met resistance from labor unions and faces delays due to bureaucratic upheaval caused by a purge of the top team at the finance ministry that handles asset sales.

In his maiden budget, Jaitley set a target of raising 584 billion rupees ($9.5 billion) from the sale of shares in companies in which the state has majority and minority stakes.

Yet the government has so far raised 518 million rupees, less than one thousandth of its target, with more than half of the fiscal year gone. The budget assumes that sell-off proceeds will generate 5.6 percent of total revenues.

http://www.reuters.com/article/2014/11/06/us-india-privatisation-exclusive-idUSKBN0IQ15520141106

-> despite getting a break from dropping oil prices and global economy in general; a reality check for Modi the fekuster..

do you read what you post/quote? how can labour unions resist the state's divestment of equity in a PSU? are you a fekuster? 

edit. like an occasional drinker that i am, i will continue to be an occasional participant i feel.

and you claim that you live in India and own a business.

confuzzled dude wrote:

(Reuters) - India will fall well short of its $9.5 billion privatization target this year, despite a big stock market rally that has attracted foreign investors, two government sources told Reuters.

Prime Minister Narendra Modi's ambitious selloff agenda has met resistance from labor unions and faces delays due to bureaucratic upheaval caused by a purge of the top team at the finance ministry that handles asset sales.

In his maiden budget, Jaitley set a target of raising 584 billion rupees ($9.5 billion) from the sale of shares in companies in which the state has majority and minority stakes.

Yet the government has so far raised 518 million rupees, less than one thousandth of its target, with more than half of the fiscal year gone. The budget assumes that sell-off proceeds will generate 5.6 percent of total revenues.

http://www.reuters.com/article/2014/11/06/us-india-privatisation-exclusive-idUSKBN0IQ15520141106

-> despite getting a break from dropping oil prices and global economy in general; a reality check for Modi the fekuster..