Cover Story

The mega sale

Print edition : October 31, 2014

Inside ONGC'S gas collection, or group gathering, station on the outskirts of Ahmedabad. Photo: Amit Dave/Reuters

Finance Minister Arun Jaitley with Minister of State for Finance Nirmala Sitharaman addressing the media in New Delhi on August 30. Photo: V. Sudershan

IISCO, renamed IISCO Steel Plant, at Burnpur in Bardhaman district of West Bengal. The full-fledged integrated steel plant is a subsidiary of SAIL. Photo: Arunangsu Roy Chowdhury

Offshore oil rigs of ONGC Sagar Shakti. Photo: Paul Noronha

A lube oil base stocks facility in the premises of the Indian Oil Corporation at Tondiarpet in Chennai. Photo: R.Shivaji Rao

Prime Minister Jawaharlal Nehru inaugurating the Heavy Heavy Electricals factory in Bhopal in November 1960. Photo: THE HINDU photo archives

The Modi sarkar is all set to unleash a privatisation drive that will result in the sale of valuable public assets. The exercise defies economic logic and threatens to undermine a social compact that has endured since Independence.
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