The prime Minister Mr Modi who said the central government would sell away the loss making and closed Public Sector Companies is now selling away the profit making companies too.
In the latest move, according to a report by Bloomberg, the central government is contemplating to raise funds by selling away a part of its share to private people. The companies identified for the purpose include Coal India, Hindustan Zinc, Rashtriya Fertilisers and Chemicals and another company under the ministry of railways.
The central government planned to raise Rs 65,000 crore through disinvestment but it was far away from its target. Hence now decided to put even the profit making companies too for sale which is nothing betraying the people and the country.
By Gollapudi Srinivasa Rao