Business Daily from THE HINDU group of publications
Friday, Sep 26, 2008
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Business Daily from THE HINDU group of publications Friday, Sep 26, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Power States - Kerala KSEB to be converted into company Our Bureau Thiruvananthapuram, Sept. 25 The Kerala Government has decided to convert the Kerala State Electricity Board (KSEB) into a company. The decision comes in the wake of the expiry of the deadline on September 24 set by the Centre for the State Government in this regard. The Chief Minister, Mr Achuthanandan, said here on Thursday that the company would be retained in the public sector itself and under no circumstances would it be allowed to be privatised. The Government would come out with the necessary legal framework to prevent the sale of the company’s share in the future. He said that the interests of the employees and the pensioners would be protected while converting the board into a company. Earlier in the day, an all-party meeting was held to thrash out a political consensus on the issue. But the opposition United Democratic Front (UDF) boycotted the meeting, while the Bharatiya Janata Party (BJP) walked out of the meeting protesting against the conversion of the board into a company. More Stories on : Power | Kerala
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