Will Bhel Power the Way? ; by Clearing Disinvestment in Bhel, the Upa Government has Demonstrated That It Will Not Allow the Left Parties to Stall Every Reform. Now It Must Not Leave This Battle Half Way.
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Summary
If there is a D-company the Left parties dread more than the one operating out of Dubai, it is the group in the UPA Government that is trying to put disinvestment back on track. The first definitive sign that the Department of Disinvestment (DoD), now under the Finance Ministry, is back in business came on May 26 when the Cabinet cleared the sale of 10 per cent government stake in the BHEL. It was a red letter day in the recent history of disinvestment and a day that made the Left see red.
The government currently holds a 67.72 per cent equity stake in BHEL. Foreign institutional investors (FII) and Indian financial institutions hold 31.39 per cent while the Indian public holds an abysmal 0.89 per cent.See the full content of this document
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Will Bhel Power the Way? ; by Clearing Disinvestment in Bhel, the Upa Government has Demonstrated That It Will Not Allow the Left Parties to Stall Every Reform. Now It Must Not Leave This Battle Half Way.
Compared with the NDA government's record on privatisation, this is only a baby step. BHEL is far from being privatised. Even after the proposed disinvestment, the government will control 57.72 per cent of the company's equity. FII participation in the issue too will be restricted since they a...
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