Sunday, Dec 01, 2002
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By Sushma Ramachandran
Mr. Shourie said that no note had yet reached him on the proposed review of the disinvestment process. A few letters had been sent to the Ministry, which had responded to the Prime Minister's Office. As for this year's disinvestment target of Rs. 12,000 crores, he told newspersons that it would be difficult to achieve in the present circumstances. Earlier, after receiving a report on the operational modalities of the Rs. 500-crore price stabilisation fund for plantation crops, he said the paper would now be sent to the Cabinet Committee on Economic Affairs for the final clearance. The report, which was headed by the Additional Secretary in the Commerce Ministry, L.V. Saptharishi, proposes to bring the scheme into operation for 10 years from April 2003. It aims at providing a safety net for growers, especially small cultivators, being adversely affected for low world prices of commodities.
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