A significant proportion of project financing in the past year has been in the renewable energy and transportation sectors and this has mostly been from the government or PSU banks
The failure of the attempted disinvestment of Air India that did not result in any takers and has since been “shelved”, was publicly attributed to the condition that the government of India (GoI) would continue to hold 24 percent stake in the airline after disinvestment.
If the government intends to control the periodic decimation of the economy by cyclical increases in oil prices,
it needs to adopt short-term (introduce differential pricing),
medium-term (create a statutory oil price management fund) and long-term (shift from diesel to LNG/CNG) measures.