The Committee of Secretaries on disinvestment of State Trading Corporation (STC) and Mines and Minerals Trading Corporation (MMTC) which met today was unable to reach a conclusion on the amount of reserves to be withdrawn from the two companies.
The combined reserve of these companies was around Rs 900 crore at the end of March 2000. While the commerce department is in favour of withdrawal of only around Rs 70-80 crore of this reserve, the disinvestment department is of the opinion that a lot more can be withdrawn from the reserve of these companies before disinvestment.
