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Our Bureau

New Delhi , Nov 9

REACTING to the Finance Minister, Mr P. Chidambaram's statement in Mumbai today that the Government would sell small stakes in non-Navartna but profitable public sector undertakings (PSUs), representatives of the Left parties said that they were open to discussion on ways to raise resources for the commitments of the National Common Minimum Programme (NCMP).

Speaking to Business Line over phone from China, CPI leader Mr D. Raja said that the matter had come up n the last Left-UPA co-ordination committee meeting. "The issue had come up in the Left-UPA meeting but we didn't respond to it," he added.

"Things have to be discussed and the question of resource mobilisation has to be examined. We had earlier suggested on ways of resource mobilisation like widening of tax net, recovery of unaccounted money, etc."

The Cabinet has recently approved the setting up of a National Investment Fund (NIF) to be funded by proceeds from divestments that would be done from now, and would be utilised for social sector projects.

Speaking on the issue, RSP leader and MP Mr Abani Roy said: "There are ways of discussions. It is to be seen what is where; in the earlier Left-UPA meeting, when this issue was raised, it was clarified that Government retaining only 51 per cent in the PSUs is not enough safeguard."

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