Privatisation of PSUs by Modi Sarkar..

The long selloff list of PSUs, reported in the media include all best performers in the strategic sectors – both physically and financially viz., Indian Oil Corporation, NTPC, Powergrid, Oil India Limited , GAIL, NALCO, BPCL, EIL, BEML etc. As a consequence of previous tranches of divestment, presently, government equity holding in these CPSUs are around 52% plus or little less. Therefore the ugly game plan is convert these CPSUs into private enterprises only by way of transfer of very small dose of shares to private hands. Country’s wealth will be transferred for private gains on a platter.