{"id":300318,"date":"2019-11-11T11:12:01","date_gmt":"2019-11-11T05:42:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300318"},"modified":"2019-11-11T11:12:01","modified_gmt":"2019-11-11T05:42:01","slug":"opinion-offload-oil-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opinion-offload-oil-assets\/","title":{"rendered":"Opinion | Offload oil assets"},"content":{"rendered":"<p>India\u2019s Petroleum Minister Dharmendra Pradhan has said that the government has \u201cno business to be in business&#8221;. Coming from a top minister, this is interesting, to say the least. State participation in business has remained high in India despite periodic avowals to privatize public sector units (PSUs)\u2014a legacy of an Indian policy in the early decades of freedom, when the State wanted control of the \u201ccommanding heights&#8221; of the economy. After liberalization, the government\u2019s withdrawal from assorted businesses has proceeded only in fits and starts. Pradhan\u2019s emphatic endorsement of this free-market agenda makes one wonder if the government indeed wants to offload its ownership of oil companies.<\/p>\n<p>True, the state-owned Bharat Petroleum is being put on the block, but many expect another PSU, Indian Oil Corporation, to be the chief bidder. Pradhan, though, said that his statement was not just a slogan but a philosophy for him. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s Petroleum Minister Dharmendra Pradhan has said that the government has \u201cno business to be in business&#8221;. Coming from a top minister, this is interesting, to say the least. State participation in business has remained high in India despite periodic avowals to privatize public sector units (PSUs)\u2014a legacy of an Indian policy in the early decades of freedom, when the State wanted control of the \u201ccommanding heights&#8221; of the economy. After liberalization, the government\u2019s withdrawal from assorted businesses has proceeded only in fits and starts. Pradhan\u2019s emphatic endorsement of this free-market agenda makes one wonder if the government indeed wants [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-300318","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300318"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300318\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}