SUPREME COURT AND PRIVATIZATION IN INDIA

Earlier this month, the Supreme Court of India ruled that the government could not privatize state-owned oil industries without specific authorization from parliament. Read a Financial Express article here, and today's Times of India editorial, here, which discusses some of the ongoing repercussions of the ruling. Business press commentary on the decision has been critical of the Court. Tomorrow, the Cabinet Committee on Disinvestment will be meeting to discuss the future course of disinvestment in light of the Supreme Court's recent action.

The case is Centre for Public Interest Litigation Petitioner versus Union of India and another Respondents. Haven't found a free, full-text copy of the opinion yet.

MORE: I have posted a full text of the opinion here. You can also go to JUDIS and search for it yourself by case number.