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The Government’s decision to divest government stakes in about 100 profit-making PSUs is a welcome move, as mentioned in ‘Divesting for development’ (Business Line, November 7). It is said that the Government may raise about Rs 60,000 crore.

Going through the stock market route and reserving a major portion to the public will give the small investor an opportunity for safe investment, create interest in the market and the companies concerned. The funds can be well utilised in the social sectors and for reducing the debt burden and fiscal deficit.

A. Jacob Sahayam Thiruvananthapuram

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