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R.H. Patil to head revived divestment panel

Our Bureau

NEW DELHI, July 24

THE Union Government has re-constituted the public sector Disinvestment Commission and appointed Dr R.H. Patil as its Chairman.

The re-constituted Disinvestment Commission will be an advisory body. Its role and function would be to advise the Government on disinvestment in those public sector units that are referred to it by the Government.

It will also advise the Government on any other matter relating to disinvestment as may specifically be referred to it by the Government and also carry out any such other activities relating to disinvestment as may be assigned to it by the Government.

In making its recommendations, the Commission will also take into consideration the interest of workers, employees and other stake holders in the public sector units.

The final decision on the recommendations of the Disinvestment Commission will vest with the Government, an official statement issued by the Department of Disinvestment said here on Tuesday.

The other members of the Commission will be appointed shortly. The tenure of the Commission will initially be for a period of 3 years, the statement said.

Dr Patil, currently the Chairman of the Clearing Corporation of India Ltd, is also on the boards of the National Stock Exchange of India Ltd, National Security Depository Ltd, SBI Capital markets Ltd and is a member of RBI's standing committee on money m arkets.