Union Finance Minister Pranab Kumar Mukherjee has allayed fears on privatisation of public sector units. Inaugurating the 29th plenary session of the Indian National Trade Union Congress here on Saturday, he said there was a propaganda that the government was going to privatise the entire spectrum of public sector units, which was far from the truth.

There was no plan to dilute the government’s stake in the profit-making public sector units. “The policy of the government is clear. It is to strengthen the public sector enterprises.”

He pointed out that the recent divestment in two of the public sector units, Oil India Limited, and National Hydroelectric Power Corporation, had resulted in their share prices going up multi-fold. Referring to the demand of the INTUC for creating a Workers’ capital trust fund, he said he was ready to discuss the matter with the INTUC leadership.

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