The government is losing the dividend income more and more as it proceeds to off-load its share in the CPSEs in the market in regular frequency. Dividend is a recurring flow to Government. Foregoing a part of such recurring flow of income for one time sales-proceeds does not speak about economic prudence....... the very concept of “National Investment Fund (NIF)” for parking the disinvestment proceeds to be utilized for capital expenditure as well as social sector schemes is yet to take-off fully even after eight years after its constitution. And disinvestment proceeds realized during this period have all gone to meet the fiscal deficit and nowhere else.
The Neyveli workers are raising a demand which is in the national interest, that the policy of disinvestment in public sector be stopped. The Government of India should forthwith rescind the decision to disinvest shares of this profitable navaratna company. ....The CPI(M) extends its full support to the struggle and the demand of the workers raised unitedly by all the trade unions.