India

August 2005 | Risk Summary

Questions are being asked of Prime Minister Manmohan Singh's leadership following the Congress-led government's apparent shelving of plans to sell a 10% stake in a state-run engineering firm, Bharat Heavy Electricals (BHEL). Finance Minister Palaniappan Chidambaram, speaking on July 29, said that objections to the sale were 'under consideration'. The government appeared to abandon the sale, expected to raise some US$500mn, after its left-wing allies in parliament appealed directly to the Congress leader, Sonia

If you would like to subscribe to South Asia Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to South Asia Monitor please click on the trial link below.