Selloff Still On The Boil

The disinvestment issue is not yet in the bag. The ministry is set to dig its heels in on keeping government companies out of the selloff process even as a meeting of the Cabinet Committee on Disinvestment (CCD) is planned next week soon after a panel of secretaries meets on December 11.

The debate on whether one PSU can bid for another is likely to reopen with Petroleum Minister Ram Naik pressing for letting Oil and Natural Gas Corporation (ONGC) bid for Hindustan Petroleum Corporation Ltd (HPCL) as part of the upstream major