Parliament proceedings | Lok Sabha passes supplementary demand for grants
The Hindu
The Lok Sabha on Thursday passed the supplementary demand for grants (second batch for 2020-21) but not before significant concerns raised by Opposition leaders on the government’s disinvestment and asset monetisation plans, and rising fuel prices.
The Minister of State for Finance Anurag Thakur clarified specifically in the context of the Life Insurance Corporation of India (LIC) that it was not being privatised and only an Initial Public Offering (IPO) was being planned. This was in response to Nationalist Congress Party (NCP) MP Supriya Sule’s concerns that eight Ministries had been lined up in the asset monetisation plan and the government’s stake in LIC was also being diluted. “I understand a certain amount of disinvestment is the need of the hour, considering that we are in the global game. But aggressively? Why is the government in such a hurry for eight Ministries...which are all in a lucrative business and also LIC...That is a concern,” she said.More Related News