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No going back on divestment drive, says Sinha

Indian Finance Minister Yashwant Sinha said on Friday that the government had no plans to relent in its drive to sell government stakes in state-controlled companies.

"There is no hesitation, no second thoughts, no going back on the divestment programme," Sinha told reporters on the margins of a tax conference.

Some analysts have expressed doubts over the success of the government's divestment programme which aims to raise Rs 100 billion ($ 2.27 billion) in the current 2000-01 (April-March) fiscal year.

The success of the programme has come under a cloud following criticism by opposition parties, organised labour and also on account of unfavourable market conditions.

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