PSU IN MEDIA
NMDC stake sale may spark extremism warns Chhatisgarh CM Raman Singh
NEW DELHI . Chhattisgarh chief minister Raman Singh has recently written to Prime Minister Narendra Modi expressing reservations about the Cabinet Committee of Economic Affairs’ (CCEA) November 2016 decision to offload 51% equity in the steel unit in favour of a private company. Singh has also already raised the issue with Union steel minister Birender Singh. The so-called strategic disinvestment of the Nagarnar steel plant could result in an upsurge in Maoist/Naxal activities in the region and spoil the state’s effort to restore peace in the region with prosperity, he warned.
There is a local feeling against disinvestment. The people want the unit to retain its public sector character and are against giving management control to a private firm. Our chief minister is keenly aware of the local sentiments and so expressed his reservations (about the CCEA decision),” said a source in the state government, on condition of anonymity.FinancialExpress
Read Also : ICICI Lombard buys 0.19% stake in HDFC Life for Rs 233 crore
News Must Read
- RVNL Fined by NSE and BSE for Board Composition
- Possible Collaboration between NLC India and Kerala State Electricity Board
- BEML wins BH60 Rear Dump Trucks worth of Rs 247 crore
- Navaratna PSU stock: Railtel bags order worth Rs 9.93 crore, shares rises above 1.4%
- PSU Honor: Power Ministry awarded First Prize to SJVN
- NLC India Limited Contributes Rs. 1 Crore to Kerala Disaster Mitigation Fund
- THDC India Achieves Major Milestone
- RITES signs MoU with NISE for assuring quality in Green Energy
- DMRC, NCRTC Launches Integrated QR-Ticketing System Enabling Seamless Travel
- K Sanjay Murthy appointed new Comptroller and Auditor General of India