POWER

Lobby advocating for privatisation of PSUs, alleges Power minister RK Singh

Union power minister RK Singh on Thursday alleged that a lobby continuously campaigned against public sector units ( PSUs) and advocated their privatisation. Singh started off by taking aim at the power sector — he was speaking at the inaugural session of the National Thermal Power Corporation’s (NTPC) Indian Power Station (IPS) 2020 conference in Raipur — but he soon expanded the scope of his remarks.

On Air India, for instance, he said that while he would not speak about its proposed privatisation, he largely encounters state-owned airlines when he travels overseas.

The NDA government hopes to raise around Rs 2.1 lakh crore in fiscal 2020-21 by divesting all or part of its stakes in some state-owned companies. It has already started the process of selling its entire stake in Air India after an earlier effort to sell a majority stake in the state-owned airline failed.

Much of the Singh’s talk was focused on the pioneering role the public sector played in building India’s industrial base , however, he lashed out at what he termed the lobby that keeps “speaking out against PSUs”.

Senior Congress leader and spokesperson RP Singh said : “ His government is privatising everything…”

Source
The Hindustan Times
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