Cong for parliamentary nod for Navratna selloff

New Delhi, Aug 2 | Updated: Aug 3 2005, 05:30am hrs
The Congress, in an apparent move to appease the Left parties, said the party was for moving a resolution that would warrant parliamentary approval for privatising any of the Navratnas.

However, the party reiterated finance minister P Chidambarams statement in Parliament that the Bhel disinvestment was put in cold storage for now.

Speaking to mediapersons, Congress leader Jairam Ramesh said, We will go the whole hog for a resolution on the privatisation of Navratnas. He said that with the passing of the resolution, it would become mandatory for even future governments to take the approval of Parliament for privatising any of the Navratnas.

Mr Ramesh said that the UPA government was for the revival and restructuring of sick PSUs as was mentioned in the Common Minimum Programme (CMP). The Board for Reconstruction of PSEs had recommended 15 of the 33 units for restructuring, he said, adding that the Cabinet had given its nod for two units.

On being asked about the proposal for disinvesting 10% in Bhel, he said the issue has been put in cold storage till a consensus emerges. Congress requires no certificate from any political party on the revival and restructuring of PSUs, he said.