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Union minister alleges lobby behind campaign against PSU sale

By IndianMandarins- 14 Feb 2020
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When the government is eying to raise Rs 2.1 trillion through disinvest to put the economy on track, Union minister Rajkumar Singh stirred a hornets nest by alleging that a lobby is campaigning against PSUs and wants their privatisation.

The minister started off by taking aim at the power sector but he soon expanded scope of his remarks. He spoke about Air India too when he said that he would not speak about its proposed privatisation, he largely encounters state-owned airlines when he travels overseas.

The Centre hopes to raise Rs 2.1 trillion in 2020-21 financial year by divesting stakes in some state-owned companies. Process of selling its entire stake in Air India has already started however earlier effort failed. Singh lashed out at what he termed the lobby that keeps speaking out against PSUs.

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