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Trade unions stage dhar, oppose disinvestment in OIL

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  5 Aug 2015 12:00 AM GMT


DLIAJAN, August 4: About 500 workers belonging to the OIL & Gas Employees’ Union (OGEU) and 10 trade unions staged a dhar on Tuesday for an hour in front of OIL’s Registered Office at Field Head Quarter, Duliajan demanding immediate stop to disinvestment in OIL India Limited (OIL). The Government of India has decided to disinvest 10 per cent of its share capital in OIL.

The protesters raised various slogans against the rendra Modi-led BJP government. After the protest they submitted a memorandum to the RCE, OIL Barunudoy Sarmah, addressed to the Prime Minister, Petroleum Minister, Fince Minister, Government of India and Joint Secretary.

In the memorandum, they stated that during the investment of 10 per cent of the share capital of OIL in the year 2013 from 78.43 per cent, it was stated clear that there would be no further proposal for disinvestment the remaining share of the Government of India (GOI) holding. “But the government’s recent intention of disinvestment of another 10 per cent only proves its dishonesty which is and will be vehemently opposed,” stated the memorandum.

It further stated that disinvestment of the share capital of GOI holding would only make the company vulnerable to privatization which could not be allowed at any cost. The protesters demanded immediate stoppage of all processes initiated for disinvesting the government share capital of OIL.

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