Government of India to go ahead with Coal India Disinvestment

Government of India to go ahead with Coal India Disinvestment

The government will go ahead with the 10 per cent stake sale of Coal India, which may fetch Rs 20,000 crore to the exchequer, and the Coal Ministry will talk to the Trade Unions to sort out issues.
“CIL disinvestment is on the list of companies that we have to disinvest in. But the ministry is talking to the union, there are some voices of protest. We will explain to them,” Finance Minister P Chidambaram told reporters here.

Chidambaram said all disinvestment proceeds will go for capital investment in banks and other public sector companies

source:Agencies

 

Author: sarkarimirror