The Government is on the look out to mobilise rsources by asking the PSUs to buy back their shares by utilising their surplus cash. The government had announced a target of Rs. 40,000 crore this financial year through disinvestment, but could not mop up the same due to the recession and political differences in the UPA allies. The govt. is eagerly turning its hawks’ eyes to the surplus cash that many PSUs are having.  How to take it away from them is the question.

Now the government is thinking of  a two-fold decision. One is to ask the PSUs to buy back its shares which are with the government. This will get sufficient money for the government. Another is to involve off-market deals for shares of PSUs by financial institutions such as LIC.

As I have earlier stated, the government is aggressively proceeding with its anti-PSU, pro-private policies which are completely against the best interests of the country and the common people.