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Samata questions `procedure and speed` of disinvestment
New Delhi, Nov 06: Samata Party, an important constituent of the ruling NDA coalition, today attacked the government on the `procedure and speed` of disinvestment, particularly in the sale of Mumbai-based Centaur Hotel and IPCL, and demanded a mid-term evaluation of its economic policies.
New Delhi, Nov 06: Samata Party, an important constituent of the ruling NDA coalition, today attacked the government on the "procedure and speed" of disinvestment, particularly in the sale of Mumbai-based Centaur Hotel and IPCL, and demanded a mid-term evaluation of its economic policies.
Releasing the resolutions passed at the party's national executive in Rajkot, party spokesman Shambu Shrivastava said the process of disinvestment has raised doubts in the minds of the public.
"Our party has no difference on the policy of disinvestment or privatisation per se. But the procedure and speed has created misgivings and apprehensions among the people, which need to be cleared," he told reporters here. Citing the case of Mumbai-based Centaur Hotel sale, he said it was sold in February this year for Rs 83 crore to Batra hospitality which resold it within six months to Sahara group for Rs 115 crore, earning a profit of Rs 32 crore at a "time of market recession".
"This is bound to raise suspicions," he said.
Shrivastava also cited the 'strategic sale' of IPCL to Reliance India Ltd and alleged that the government's "own guideline was not adhered to by allowing the company to bid for IPCL since top officials of RIL have been charged with violation of official secrets act (OSA)." "The sale has raised important questions as it has national security implications since some Cabinet document were recovered from the Reliance Industries office," he said. Bureau Report
"Our party has no difference on the policy of disinvestment or privatisation per se. But the procedure and speed has created misgivings and apprehensions among the people, which need to be cleared," he told reporters here. Citing the case of Mumbai-based Centaur Hotel sale, he said it was sold in February this year for Rs 83 crore to Batra hospitality which resold it within six months to Sahara group for Rs 115 crore, earning a profit of Rs 32 crore at a "time of market recession".
"This is bound to raise suspicions," he said.
Shrivastava also cited the 'strategic sale' of IPCL to Reliance India Ltd and alleged that the government's "own guideline was not adhered to by allowing the company to bid for IPCL since top officials of RIL have been charged with violation of official secrets act (OSA)." "The sale has raised important questions as it has national security implications since some Cabinet document were recovered from the Reliance Industries office," he said. Bureau Report