TDP MLA resigns in protest over move to privatise RINL

 Former Minister and Telugu Desam legislator G Srinivasa Rao on Saturday said he has submitted his resignation from his post in protest against Centre's decision to privatize Rashtriya Ispat Nigam Limited that has a steel plant here. Rao, representing rth Assembly constituency in Visakhapatnam,said resignation letter has been sent to Speaker of House.

Meanwhile, all tre unions affiliated with steel plant and civil societies continued ir stir for second day today protesting against move to privatize steel plant. Union Cabinet has cleared privatization of steel-maker Rashtriya Ispat Nigam Ltd (RINL), DIPAM (Department of Investment and Public Asset Manment) Secretary Tuhin Kanta Pandey tweeted on February 3.

RINL strategic sale proceeds would be part of disinvestment target for next fiscal. government has budgeted Rs 1.75 lakh crore from disinvestment in 2021-22 fiscal beginning April 1.