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Journalism of Courage
NEW DELHI, May 5: The full telecom commission which met here today deferred decisions on several crucial proposals on its agenda. The commission discussed the capital restructuring of the public sector ITI Ltd through an increase in the government equity in the company but deferred a decision on the matter in the light of the report of the disinvestment commission.
The disinvestment commission has recently recommended that the government reduce its equity stake to 26 % in ITI. The commission had pointed out that while ITI suffered losses of Rs 366 crore in 1994-96, increased competition from foreign equipment suppliers would further erode its profitability.
Thepanel felt further vetting of the proposal would be required before a final decision .
