PM hints at PSU disinvestment in Budget 2009-10
The government has already cleared the disinvestment of NHPC and Oil India but could not tap the capital market due to the prevalent negative sentiment
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The Editor,
livemint.com
Dear Sir,
PSU disinvestment has been in limbo for quite some time and the re-elected UPA shall start the process of disinvestment plan to shore up revenue. The market conditions are not still favourable to go ahead with disinvestment plans. Howerver, it is time the process is initiated once the new cabinet ministers settles themselves with their respective portfolios. There are voices of dissent emanating from the Trinamool Congress led by Railway Minister, Ms.Mamata Benerjee. Despite protests , government should go ahead to mop up resources by divesting certain percentage of equity to unlock value and also to utilise the proceeds for its avowed social sector programs.
Thanking you,
Knvs Subrahmanyam
Chartered Accountant
Hyderabad
KODUKULA