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As per a report in the Business Line today, during the last 4 financial years the government has already sold shares of profitable PSUs worth Rs. 75,813 crores as shown below:
2010-11 : Rs. 22,144 crore
2011-12 : Rs. 13,894 crore
2012-13 : Rs. 23,956 crore
2013-14 : Rs. 15,819 crore
Total : Rs. 75,813 crore
In this Financial year Rs. 1,700 crores worth share has already been sold and more are going to be sold.
Maximum profit and benefit are for the corporates and the rich who buy the shares and not the government or the people.