NITI Aayog vice-chairman Arvind Panagariya’s proposal to break up public sector undertaking Coal India Limited (CIL) has stirred up a hornets’ nest. Both former and current officials have opposed Panagariya’s proposal stating that unbundling of CIL will severely hit the governance in the sector.
Interestingly, the previous Manmohan Singh government had made a similar proposal in 2013, for which a consultancy firm Deloitte Touche Tohmatsu was hired. The move saw heavy resistance from CIL workers’ union and the plan was scrapped. The CIL has a work force of over 3.5 lakh. Read more
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