Privatisation: What Does It Actually Imply?
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“The talk about privatization is actually selling some assets into the private sector; the ones that have raised a lot of hope in the markets are two public sector banks and one of the general insurance companies. For the banks, it would be a grave mistake to sell it to an industrialist,” says Raghuram Rajan, former RBI Governor, on what privatisation actually means within the Indian context.
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