Financial Daily from THE HINDU group of publications
Monday, Oct 07, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Opinion - Letters


Disinvestment

The editorial "Politics of disinvestments" (Business Line, October 4) has come out strongly saying that "those opposed to privatisation had better make up their minds if they are for or against disinvestments". The question is between strategic sale and public offer. And it is a good sign that the Prime Minister, Mr Atal Bihari Vajpayee, has himself taken up the matter.

Public sale could create millions of new shareholders. If small investors could not subscribe completely, the balance could be sold by strategic sale. In any case, it is possible to arrive at a studied consensus in the matter.

It is also necessary to remove the impression that the pressures of the IMF or World Bank or WTO alone guide us in the matter. We have to make it clear to the public that divestment of public sector entities is in our own interests and will benefit the people.

A. Jacob Sahayam

e-mail

Send this article to Friends by E-Mail
Comment on this article to BLFeedback@thehindu.co.in

Stories in this Section
Another accounting, accountability scandal


Depreciating incentive
Vision 2020 — Power of positive thinking
World Economic Outlook — September 2002: Strong on trade and financial linkages
AIDS and the development paradigm in India
Pre-emption or predation?
Disinvestment and the FDI debate
The cons of IDRs
Disinvestment
Cauvery muddle


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line