• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>The economist >Face value: Tigers, Termites and Tenacity
【24h】

Face value: Tigers, Termites and Tenacity

机译：面值：老虎，白蚁和坚韧

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

These are glory days for Arun Shourie. As the public face of the Indian government's privatisation programme, he is basking in the success of the Indian stockmarket's largest-ever public share issue. Its offer of 10% of the shares in ONGC, an oil exploration and production company, was the last of a hectic spate of six privatisation issues. The offering was fully sold within minutes, and when it closes on March 13th will raise some 100 billion rupees ($2.2 billion). This is a godsend for a government struggling to meet its fiscal-deficit target ahead of a general election on April 2Oth. Just as important for Mr Shourie is to see another lurch forward in India's erratic economic liberalisation. The success of the sales matters. It will encourage boldness in other areas-"like drum-beaters bringing out the tiger," as he puts it. It will also burnish Mr Shourie's reputation. Like reform itself, the minister has suffered his share of setbacks. One came last September, when the Supreme Court ruled that the privatisation of two state oil companies required a vote in parliament. This had the effect of stalling his favoured method of disposing of the government's assets-selling control to strategic investors, rather than minority chunks to the market. At the time, Mr Shourie vented his frustration by saying the ruling showed the difference between India and China: "In India, everybody has a veto."
机译：对于Arun Shourie来说，这是光荣的日子。作为印度政府私有化计划的公众形象，他为印度股票市场有史以来最大的公开发行股票取得成功感到满意。它提出了石油勘探和生产公司ONGC 10％的股份，这是该公司六次私有化发行之后的最后一次。此次发行在几分钟之内就全部售罄，3月13日收盘时将筹集约1000亿卢比（22亿美元）。对于政府在4月2日大选之前努力实现其财政赤字目标的政府来说，这真是天赐的礼物。对于Shourie先生而言，同样重要的是，要看到印度不稳定的经济自由化中的另一个困境。销售的成功至关重要。他说，这将鼓励其他领域的勇气，例如“打鼓者把老虎带出来”。这也将提高Shourie先生的声誉。就像改革本身一样，部长遭受了一些挫折。一个是在去年9月，当时最高法院裁定两家国有石油公司的私有化需要在议会进行表决。这样做的结果是停止了他偏爱的将政府资产出售控制权出售给战略投资者而不是少数人出售给市场的方法。当时，Shourie先生说该裁决显示了印度和中国之间的差异，这使他感到沮丧：“在印度，每个人都有否决权。”

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号