MUMBAI: In the game of trust, just one incident is enough to undo years of effort. The current government has spent the past seven years convincing the market that its intentions about privatization are not mere lip service.
The successful divestment of Air India, probably the toughest asset the government had to sell, was proof of that intent and its ability to execute. But, just as the headlines of that transaction were only starting to fade, the government on Thursday threw a googly.
