MK Stalin Urges PM Modi To Hold Asset Monetisation Plan, Speak To States

Mk Stalin said the asset monetisation plan would only pave for priceless government assets going to a few conglomerates or large corporations.

Tamil Nadu Chief Minister MK Stalin on Friday suggested the central government had not held enough consultations with states on the plan to raise money using the country's infrastructure assets, as he urged Prime Minister Narendra Modi to reconsider the National Monetisation Pipeline. Asking the Prime Minister to decide on this after speaking to stakeholders and state governments, Mr Stalin wrote a letter on the issue, saying the plan would only pave for priceless government assets going to a few conglomerates or large corporations. "People have rights over public sector undertakings as land belonging to people and state governments were given for these," he said, adding that the impact on the economy, employees of these undertakings and dependent small businesses was unclear. The letter came a day after the Chief Minister told the state assembly that privatisation of public sector undertakings was not in national interest and the Tamil Nadu government would oppose the centre's bid to privatise PSUs which are public assets.