more-inThe National Confederation of Officers’ Association has written to the Prime Minister’s Office seeking reversal of the government’s decision to disinvest in central public sector units, while urging it to revert to earlier policy of retaining majority stakes in all CPSUs. The executives from public sector enterprises from across the country on Wednesday organised a march from East Court Janpath to Parliament against the move. “The government instead should proactively work towards revitalising these CPSUs to enable and empower them to effectively and successfully compete with the private sector,” it said. It also said that the government should come out with white paper comprehensively spelling out the future role of CPSUs. The government is eyeing to raise Rs.20,500 crore from strategic sales of public sector units.

Source: The Hindu March 22, 2017 19:41 UTC