The Committee of Secretaries on disinvestment of State Trading Corporation (STC) and Mines and Minerals Trading Corporation (MMTC) which met today was unable to reach a conclusion on the amount of reserves to be withdrawn from the two companies.
The combined reserve of these companies was around Rs 900 crore at the end of March 2000. While the commerce department is in favour of withdrawal of only around Rs 70-80 crore of this reserve, the disinvestment department is of the opinion that a lot more can be withdrawn from the reserve of these companies before disinvestment.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app