Govt might sell ONGC stake

[Technoglitch]

The administration's top privatization official met bankers on Monday in the financial capital, Mumbai, to discuss the sale of a 5 per cent stake in Oil and Natural Gas Corp (ONGC), a topfinance ministry official said.

The BJP's success in Maharashtra and Haryana assembly elections last week capped several days of action on the economic front and has given Modi more room to cut through a thicket of regulations and state controls he says holds back Asia's third-largest economy.
PM Narendra Modi steps up economic reforms, eyes selling ONGC stake - The Times of India

 

[IndianMascot]

How will selling stake bring economical reform ?

 

[Technoglitch]

How will selling stake bring economical reform ?

you being into this field can elaborate more.

 

[DashMajor]

How will selling stake bring economical reform ?

May be by cutting Govt. facility from employees and investments from private firm.

 

[IndianMascot]

Private investment will bring additional money to company and performance will be improved. Anyone which will buy the stake will look forward to encash good return and so work on that basis only but only 5% is quite low. It should have been upto 10-20%.