Tags:
Journalism of Courage
With concerns over its fiscal health mounting, the Centre is hoping to go through with stake sales in big ticket public sector firms including Coal India Ltd and ONGC Ltd by next month. Additionally, the finance ministry is now also working on a disinvestment of five per cent government stake in Dredging Corporation of India Ltd (DCIL).
“We will go ahead with the stake sale in Coal India Ltd despite any opposition. It has now got a full time chairman and managing director and we can move ahead with its disinvestment,” said a senior government ministry official, adding that the benefits of disinvestment would be much more for the company in the long run .
Meanwhile, the finance ministry has also planning a five per cent stake sale in DCIL this fiscal. A meeting of an inter-ministerial group is also planned for next week to expedite the disinvestment. The Centre currently holds 78.56 per cent stake in DCIL.
