Oppose disinvestment of RITES Limited of Indian Railways.

Oppose disinvestment of RITES Limited, a Government of India Enterprise under the aegis of Indian Railways. Stop 12% disinvestment of profit making RITES Ltd.

Retail investors & employees of most of the Public Sector Undertakings (PSU) have lost their hard earned money by investing in IPOs. Govt. is looking at every avenue to garner money. Pricing & ‘Discount’ are only to loot the retail investors and employees.

Due to phase wise disinvestment as part of privatisation, the PSUs are not able to recover inspite of sacrifices by its employees. The savings of employees under NPS are getting evaporated as the amounts are invested in Stock Markets which are very volatile & risky. Only Foreign Institutional Investors (FII) and few DII are able to garner the profits.

The proceeds of disinvestment are being used to bail out corporates by writing off their bad debts. The Non Performing Assets (NPA) in Banks are increasing due to high worth people like Vijay Mallya, Nirav Modi etc.