News APP

NewsApp (Free)

Read news as it happens
Download NewsApp
Home  » Business » Left to consider divestment plan

Left to consider divestment plan

Source: PTI
November 21, 2005 18:16 IST
Get Rediff News in your Inbox:
Left parties on Monday agreed to consider government proposals to divest small percentage of equity in non-Navratna profit-making PSUs on a case-to-case basis.

"We have identified some such PSUs and shared information with the Left parties. They have agreed to consider the proposals," Finance Minister P Chidambaram said after a two-hour meeting of the Left-UPA coordination committee meeting in New Delhi.

Asked whether the Left parties would consider these proposals on a case to case basis, he and CPI (M) leader Sitaram Yechury replied in the affirmative.

Chidambaram said the Left parties agreed to consider the government's proposals to divest "small portions of equity, subject to certain guiding principles, in selected profit-making non-Navratna public sector enterprises in order to raise resources for the National Investment Fund".

He said the Left parties would also give other proposals for resource mobilisation. The government also gave a note to the Left parties on the Pension Fund Regulatory and Development Authority Bill, now before Parliament.

Chidambaram said the Left parties had agreed to give their response shortly after discussions with the trade unions.

"Discussions are taking place at different levels, within political parties, with trade unions. At an appropriate time, we will also discuss with trade unions also," he said.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!