If there is any Department of the Central government which is working 24 hours, it is the disinvestment Department. Their duty is to sell stakes in PSUs one after another and if possible privatise the same at the earliest.
Tomorrow, 16th January, the Empowered Group of Ministers(EGoM) headed by Finance minister P.Chidambaram is expected to take a decision on selling 10% stakes of Indian Oil company (IOC). 24.27 crore shares are expected to fetch around Rs. 4,800 crores. The government at present holds 78.92 % shares and after the present disinvestment, it will be reduced to 68.92%.
The Central Trade Unions have to strongly protest and put a halt to these PSU stake sales.