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Journalism of Courage
Despite opposition from its allies, the centre expects to be third-time lucky with disinvestment in National Aluminium Corporation (NALCO) and Neyveli Lignite Corp. After having deferred it twice, the Cabinet Cabinet Committee of Economic Affairs will on Thursday take up disinvestment of 10 per cent equity in the two PSUs.
This time, said sources, all queries from the Prime Minister’s Office have been answered, including the issue of bonus shares for NALCO employees.
The government’s resolve for the share sale seems to be more this time, considering it listed the two state-run firms for the CCEA despite open opposition from the Left allies on any sale of PSU equity.
