Government committed to public sector disinvestment: PM

New Delhi, July 6

Prime Minister Manmohan Singh Monday said the government would go in for disinvestment of public sector undertakings, pointing out that Finance Minister Pranab Mukherjee had expressed this commitment in his budget.

In an interview to the CNN-IBN news channel after Mukherjee presented his budget in parliament, Manmohan Singh said: "The finance minister has committed our government to increase disinvestment while maintaining the public sector character of public enterprises."

Without dwelling upon the details and the time frame, the prime minister said: "I haven't done any detailed calculations. It much depends on the economic situation."

About the much talked about administrative reforms for which several committees had been appointed, Manmohan Singh said: "The Administrative Reforms Commission has produced 15 voluminous reports. I am contemplating to set up an empowered group of ministers to apply themselves to see how to implement these voluminous reports."

The prime minister admitted that the police force was under-staffed and stressed the need to modernise police and armed forces.

Last updated on Jul 6^th, 2009 at 14:30 pm IST--IANS

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