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| | Chidambaram not for Navaratnas divestment - Sify.com |
 | | New Delhi, May 26: Describing as "sacrosanct" the Navaratna PSUs which should remain under government control, Finance Minister P Chidambaram today said disinvestment could be considered as an option for PSUs that were not making profits and were vulnerable to global competition. |
 | | Disfavouring disinvestment of Navaratna companies like ONGC, Indian Oil, HPCL, BPCL, NTPC and SAIL, Chidambaram, who started his second stint at North Block, said he had drawn the line in 1997 and decided to keep the Navaratnas out of the privatisation process. |
 | | They can do whatever they like as long as the government is the owner," he said, adding, once these companies are "ring-fenced", half of the problem of disinvestment is over. |
| sify.com /news_info/cities/chennai/fullstory.php?id=13484093 (297 words) |
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