How bonus shares, buybacks and dividends by PSUs are propping up govt’s coffers

From 2009-10 to 2013-14, when the Manmohan Singh-led United Progressive Alliance (UPA) was in the saddle, only one state-run company bought back shares from the government. In the following five years, in which Prime Minister Narendra Modi’s Bharatiya Janata Party has been at the helm, the government has forced state-run ......