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Saturday, Jul 30, 2005

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White paper on PSUs divestment this session, says Chidambaram

Our Bureau

New Delhi , July 29

THE Government would be placing a white paper on public sector disinvestments before the Parliament during the current monsoon session.

In a statement placed before both houses of Parliament on the implementation of the recommendations of two earlier reports of the Standing Committee on Finance, the Finance Minister, Mr P. Chidambaram, said that the Government's disinvestment policy would strictly follow the common minimum programme of the UPA.

Mr Chidambaram said that while attempts would be made to list the large, profitable PSUs on the domestic stock exchanges, the Government would selectively sell minority stake in listed, profitable PSEs, while retaining 51 per cent of the shares along with full management control so as not to alter the public sector character of the companies.

He said that all decision would be taken on a case-by-case basis to optimise the Government's realisation from disinvestment.

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