ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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STATE FINANCES-One-Sided Appraisals

subject and that its critics had been right all along.
In 1991-92 in two phases shares of 31 PSEs had been sold off and the amount realised was Rs 3,038 crore For 1992-93 a target of raising Rs 3,500 crore through sale of PSE shares was set, but the amount actually realised was only Rs 2,866 crore, once again in two phases. The CAG report deals with the sale of PSE shares in 1991-92. The report brings out a sordid story of shoddy and unprofessional work, manipulation and suppression of facts and utter lack of concern in parting with valuable public assets.

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