After the advice of Chief Economic advisor Mr. Arvind Subramaniam, It is high time Coal India unlock its assets by listing its subsidiaries separately on bourses. This will give them separate identity and create competition for efficiency.
Not only this, PSUs should list their several joint ventures to raise resources. Apart from unlocking values, new entities will stretch their wings independently and give the country much needed push for growth.
Recent steps to list BSE and CDSL is the right course in this direction. These independent entities will allow the system to remove the shackles of politicians and bureaucrats over the economy.
The holding companies like Coal India, SAIL, NTPC do not allow their efficient units to grow larger. This ultimately reduces the overall growth.
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