Adversity does seem to help in innovation. The slowdown of the economy and the consequent fall in revenue growth seemed to have resulted in exploring new avenues for mobilising resources. The earlier plans at offloading shares of PSUs or even outright privatisation of PSUs, did not produce the desired results. Monetisation of public assets thus evokes interest. We posed a set of questions to M S Srinivasan, a renowned civil servant of the IAS Tamil Nadu cadre who retired as the Secretary, Petroleum & Natural Gas. His response:
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