There is one Department in the UPA Government which works overtime through out the year. Of course, it is the Department of Disinvestment. Because, it is one Department of the Govt. which aggressively does its work.

It has got targets to sell all the PSUs one after another. The latest is going to be the Indian Oil Corporation (IOC). At present the Govt. is having 78.92% share. After the share issue,.. it will be reduced to 62.65%. As the first step towards share sale,  six  Merchant Bankers have now been appointed to to evaluate the company. They are Citigroup, BofAMerril Lynch, Morgan Stanely, ICICI Securities, SBI Capital Markers and UBS. The target is Rs. 19,000 crore. Coal India Target was RS. 15,000 crore.

The Government continues its policy of selling the golden PSUs, which have been termed as “Temples of Modern India ” by Pandit Jawaharlal Nehru, the first Prime Minister of India.