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NMDC stake sale may spark extremism warns Chhatisgarh CM Raman Singh

  • by Psu Connect
  • Date: 08-02-17

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

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