Suchergebnisse

Kazakhstan holds some of the most significant Gulag heritage sites; however, tourism research remains limited. This article introduces analysis of contrasting sites and considers how some have been developed and others ignored. Selectivity in interpretation is linked to societal amnesia and the collective trauma experienced by the population of Kazakhstan. The article reaffirms the politicization of heritage in this emergent nation.

On November 20, 2019 Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi approved disinvestment in 5 Central Public Sector Enterprises (CPSEs) including Bharat Petroleum Corporation Limited (BPCL)- a profitable government company. The decision of selling all the government stack in BPCL through strategic sale has brought on much criticism, as post disinvestment benefit is lesser than its benefits to Indian economy if the government continues its ownership. This paper attempts test its truism. For this sake we compare the future financial performance of BPCL if it is privatized with the future financial performance if it is not privatized. This is worked out using linear regression model with intercept and linear regression model without intercept to estimate the future financial performance under the both of the case. To check the argument of the bad repercussion of the decision on Indian economy we estimated the fiscal deficit under both the cases using weighted average mean taking the base of estimations presented in the Union Budget 2020-21. The results show that BPCL will perform well under the government ownership in the terms of profitability and efficiency. BPCL can perform well under private ownership only if it rises its product price or by reducing the work force size. The fiscal deficit is lower for the fiscal year 2020-21 if BPCL is privatized, but this benefit is only of the short term in the nature. The government has to give up the dividend revenue from BPCL if it is privatized which will effect negatively to more than one fiscal years. Empirical data shows government can generate more disinvestment revenue through the SIP but its process is more time consuming. The other reason why government should choose SIP method is that it will help Indian capital market on the other hand strategic sale method will is beneficial to only one entity- the buyer (and in the situation of 'Winner Curse 'it will not benefit the buyer too). Our study recommends, rather than ...