Financial Daily from THE HINDU group of publications
Tuesday, Feb 01, 2005
Financial Daily from THE HINDU group of publications Tuesday, Feb 01, 2005 |
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Opinion
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Letters Disinvestment policy
This refers to the cosmetic changes made in the new disinvestment policy "No make-over for PSUs" (Business Line, January 29). To overcome opposition from the Left parties, the Government has decided to hold 51 per cent in profit-making PSUs and to set up a National Investment Fund (NIF). The proceeds from the equity sales are to be deposited in the NIF to be monitored by the public sector managers. Already, the CITU has opposed the move. So far, disinvestment in PSUs has brought few positive changes, either for the public sector or for the poor. A. Jacob Sahayam Thiruvananthapuram Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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