Political kill: White Paper to scrutinise equity sale in PSU's by NDA
The Union Government has decided to come up with a White Paper on disinvestment of Centre’s equity in major public sector undertakings from 1999.
By INDIATIMES NEWS NETWORK |
NEW DELHI: The Union Government has decided to come up with a White Paper on disinvestment of Centre’s equity in major public sector undertakings from 1999. A decision to this effect was taken at a meeting of the Union Cabinet earlier this evening presided by Prime Minister Mammohan Singh.
The decision is in a way to target the National Democratic Alliance led by former Prime Minister AB Vajpayee. Most of the disinvestment deals done during the NDA regime will come up for scrutiny in the White Paper. This is a politically loaded move to ward off any opposition to the nuclear deal cleared by the Cabinet Committee on the political affairs two days ago.
This will also divert the Left allies move to take on the UPA government on the nuclear deal.
The Left parties have decided to put the government on mat during the ensuing monsoon session of Parliament on the 123 agreement in the present form.
Meanwhile the Union Cabinet has also allowed the major public sector companies to invest their cash surpluses into mutual funds. This decision will give a major fillip to the equity markets that are already in a buoyant mood. The cash surpluses running into thousands of crores are bound to be channeled into the stock markets via mutual funds.
The decision is in a way to target the National Democratic Alliance led by former Prime Minister AB Vajpayee. Most of the disinvestment deals done during the NDA regime will come up for scrutiny in the White Paper. This is a politically loaded move to ward off any opposition to the nuclear deal cleared by the Cabinet Committee on the political affairs two days ago.
This will also divert the Left allies move to take on the UPA government on the nuclear deal.
The Left parties have decided to put the government on mat during the ensuing monsoon session of Parliament on the 123 agreement in the present form.
Meanwhile the Union Cabinet has also allowed the major public sector companies to invest their cash surpluses into mutual funds. This decision will give a major fillip to the equity markets that are already in a buoyant mood. The cash surpluses running into thousands of crores are bound to be channeled into the stock markets via mutual funds.
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