Government says all central public sector undertakings having earned net profit for three consecutive years are being listed for fresh public equity. The government has already disinvested 10 percent of several public sector undertakings. The Finance Minister Mr Pranab Mukherjee in a written statement informed the Lok Sabha said that his ministry is in dialogue with the administrative ministries and the central public sector undertakings to asses their capital expenditure requirements through issue of fresh equity. He said that the disinvestment of PSUs is considered on a case to case basis in accordance with disinvestment policy. Mr Pranab Mukherjee elaborated that the policy of disinvestment has been articulated in his budget speech and the President speech of the joint session of Parliament and reiterated that government will retain majority share holding and control in these units.<br/> <br/>
News On AIR | November 20, 2009 7:00 PM
Profit making PSUs being listed for fresh public equity: Govt