Balco union demands tabling of CAG report

The workers' union of the aluminium company Balco asked the government to make public the report of Comptroller and Auditor General (CAG).

The workers' union of the aluminium company Balco asked the government to make public the report of Comptroller and Auditor General (CAG).
Balco employees union also requested the CAG to look into the method of valuation of the company for its privatisation.

While keeping in view the observations made by apex court, the union has once again requested CAG to look into the method of valuation taken in disinvestment of Balco as a going concern based on market rate, it said in a statement.

Union also said it had not opposed the disinvestment policy of government and its thrust was on challenging the gross violations of tender rules along with credentials of Sterlite group.

It took exception to waiver of earnest money deposit clause and security deposit.

It further expressed surprise at government’s attitude in keeping quiet while the company's financial situation deteriorated.

Bureau Report

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
Tags: