Sensex rise can help Govt. Of India to face Sixth Pay Commission burden ( Source : Economic Times )
Due to rise in stock exchange, 29 Government PSU has soared its market capitalisation from Rs 2,34,000 crore on June 1, 2004, shortly after the UPA government took over, to Rs 10,90,000 crore on October 24, 2007.
And only just sale of 10% portfolio in these stocks can fetch Rs 88,000 crore from market.
Which is approx 2% of GDP, while the immediated impact of sixth pay commission on GDP is expected to be 1%.
And due to growth in GDP it can be balanced.
Also Government has stakes in public sector banks, and market capitalisation improves in these sectors from Rs 69,000 crore to Rs 232,000 crore.
But some analyst say Left will not allow disinvestment in PSUs
To see Full news : Click Here
No comments:
Post a Comment