11-05-2009, 11:50 PM
<b>To raise more funds, Centre to sell out 10% in CPSEs</b>
pioneer.com
PNS | New Delhi
The UPA Govt would soon begin listing profit-making central public sector enterprises (CPSEs) on stock exchanges to meet the mandatory requirement of 10 per cent public ownership.
Informing this after a meeting of the Cabinet Committee on Economic Affairs on Thursday, Union Home Minister P Chidambaram said about PSUs that had no accumulated losses and having a net profit for three consecutive years, âThese CPSEs are national wealth and so people should participate in their operations.â Hinting that in days to come there could be a bigger disinvestments process in the offing he said, âHowever the Government will retain as usual 51 per cent of the equity in CPSEs.â
pioneer.com
PNS | New Delhi
The UPA Govt would soon begin listing profit-making central public sector enterprises (CPSEs) on stock exchanges to meet the mandatory requirement of 10 per cent public ownership.
Informing this after a meeting of the Cabinet Committee on Economic Affairs on Thursday, Union Home Minister P Chidambaram said about PSUs that had no accumulated losses and having a net profit for three consecutive years, âThese CPSEs are national wealth and so people should participate in their operations.â Hinting that in days to come there could be a bigger disinvestments process in the offing he said, âHowever the Government will retain as usual 51 per cent of the equity in CPSEs.â