Wednesday, June 15, 2016

Trade unions threaten to strike over NITI proposal to sell Air India, shut sick PSUs

New Delhi: Opposing NITI Aayog's proposal to privatise Air India and shut 28 PSUs, central trade unions, including the RSS-backed BMS, have threatened to go on strike and sought Prime Minister's intervention on this matter.
One of the bodies has even accused the government of "moving on expected lines to sell the country".
"BMS opposes NITI Aayog proposal to close sick PSUs... BMS demands that the government call a meeting of all stakeholders to discuss the revival plan of sick PSUs before proceeding to decide on the proposal of NITI Aayog. Otherwise, we will
compel to come on to the street to oppose the move," BMS General Secretary Virjesh Upadhyay said in a statement today.
The statement follows NITI Aayog submitting its proposal to the Prime Minister's Office on strategic sale, privatisation of PSUs and closure of loss-making units. The NITI panel, headed by its Vice-Chairman Arvind Panagariya with CEO Amitabh Kant and other members on board, has prepared a detailed blueprint on PSU reforms. The Aayog
has already submitted two lists of PSUs for strategic sale and closure or sale of sick units.
Although the panels' recommendation has not been made public, some media reports suggest that it has pitched for reducing the government's stake to 49 percent or below in PSUs at one go under the strategic sale option.
15/06/16 PTI/First Post
To Read the News in full at Source, Click the Headline