(a) whether some public sector undertakings are suppressing their losses and showing inflated profits to make them more attractive to bidders at the time of disinvestment;
(b) if so, the details thereof;
(c) whether the Government are considering to give a counter-guarantee to the companies for raising funds from market for the VRS;
(d) if so the details thereof; and
(e) if not, the reasons thereto?
MINISTER OF STATE FOR HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (DR. VALLABHBHAI KATHIRIA)
(a) & (b): No, Sir. The PSUs accounts are regularly audited by the CAG and the bidders are given full opportunities to appraise the condition of plants and finances.
(c) to (e): When Central PSUs do not have requisite internal resources, Government has a scheme of giving guarantee for raising funds for VRS from the market and giving 50% interest subsidy.