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The central government is on the move to sell shares of 5 more PSUs in the near future. The Union Cabinet which is scheduled to meet today is reported to take decision on selling of stakes of 5 PSUs viz. Hindustan Copper Limited ( 9.6%), NALCO ( 12.2%), Oil India Limited (10%), Neyveli Lignite Corporation Ltd. ( 5%) and MMTC (9.3%).
This aggressive disinvest programme has been on the line in accordance with the neo-liberal policy of the government. The Central trade Unions have strongly objected to any disinvestment and ‘No Disinvestment of PSUs’ is one of the most important demands they have raised in the All India Convention held at New Delhi on 4th September 2012.