The Assocham President Sajjan Jindal said that the disinvestment road-map would not only help the Centre to retain control over each of them but also help raise over Rs 4,00,000 crore over a four year period to contain fiscal deficit.
Differing with the CII’s proposal to monetise the Centre’s fiscal deficit, he said that could lead to a steep rise in inflation, particulary in the realm of food articles, while Assocham Secretary General D S Rawat said “monetisation causing inflation could be dangerous for any government.”
Published 19 September 2009, 15:51 IST