Divestment, oil price decontrol top priority: Montek Singh
June 8th, 2009
Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, said disinvestment and oil price deregulation are on top on the new government’s agenda.
On disivestment, Montek said, “It is more important to determine lay down a clear programme for the next three years, and not be worried about how much disinvest you are going to do this year. It doesn’t matter. You have to do disinvestment at the right time. It takes a certain amount of time to get things going. Are we willing to do a significant amount of disinvestment over a 3-4 year period? That’s the signals we should be giving. The only limit in my view is that government equity can go below 51%. Other than that, you can disinvest all the way.”