It seems that the government wants to disinvest maximum shares of the PSUs, even if it is given at discount, much less than the original value.Does the government feel that they may not get a chance after next elections to sell these shares?

It is reported in today’s papers that further shares of Power Finance Corporation (PFC), ONGC, SAIL, Hindustan Copper Limited(HCL) and Minerals and Metal Trading Corporation (MMTC) are going to be disinvested at discount rates. The government gradually wants to disinvest up to 49%, keep it there for sometime and then privatise disinvesting further shares thus handing over all these valuable assets to the private big business.

The working class has to organise sustained struggle to stop this loot of public assets with the support of the people.