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GVR protests move on ITDC

NEW DELHI, July 22: The Disinvestment Commission has protested to the group of ministers against the move to appoint a global advisor for...

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NEW DELHI, July 22: The Disinvestment Commission has protested to the group of ministers against the move to appoint a global advisor for taking a second opinion on divestment in the public sector Indian Tourism Development Corporation ITDC.

Disclosing this, commission chairman G V Ramakrishna said, quot;Bureaucrats are trying to impose the decision of the previous regime on the new government and the second opinion questions the very existence of the commission.quot;

In separate letters last week to ministers of finance, industry, human resource development and deputy chairman of the planning commission, who are members of the ministerial group on disinvestment process, Ramakrishna pointed out that bureaucrats had moved a paper for the second opinion to the cabinet in October 1998.

The commission would submit its last report on the PSUs referred to it so far, by early August, he added, and hoped government would refer more PSUs to the panel and announce some major decisions on disinvestment process in theinterim period.

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