Congress cautions government over disinvestment method
The Congress Thursday cautioned the government over the process it will adopt to meet its disinvestment targets, saying the record of the previous NDA government had left people with "deep dissatisfaction".
Congress spokesperson Rajeev Gowda told reporters here it was not yet clear how the Bharatiya Janata Party-led government will meet its disinvestment target.
"When you look at disinvestment and the NDA, when you juxtapose those two phases together, lot of questions arise. The track record of the NDA government in its previous time in office... we had raised lot of questions and is a matter which left most of us with deep dissatisfaction," he said.
Gowda said there were instances during the previous National Democratic Alliance (NDA) government when "multiple hotels were sold".
He said one could sell shares to the public and make people stakeholders in essentially a government owned company or one could sell out the company altogether.
"During the NDA years, they focused on outright sale... that philosophy may recur again. When an outright sale was done, in most instances, there were lot of questions about under-valuation, there were questions about sweet-heart deal and there were questions about negligence in terms of assets of the companies," he said.
Gowda said the Congress was not against disinvestment as a policy but was concerned about the process and methods that were adopted.
"We are only urging tremendous scrutiny, tremendous vigilance to make sure that Indian assets do not get sold at an under-valuation," he said.
(Posted on 24-07-2014)
Information on States of India:
Andaman Nicobar | Andhra Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal
INDIA REGIONAL MAPS:
Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |
MORE MAPS OF INDIA:
INDIA CITY MAPS:
KERALA TRAVEL MAPS: