Mysuru: Strongly opposing the Central Government’s proposed decision to privatise Bharath Earth Movers Limited (BEML) over 1,000 BEML employees took out a rally in city this morning. The Union Government recently approved the disinvestment move to reduce its shareholding from 54.03% by 26% in BEML, effectively reducing its stake in the Public Sector Unit to 28.03%. The BEML Employees’ Association has called the move a step towards the privatisation of the unit.
Today’s rally began at Kote Anjaneyaswamy Temple and passed through Clock Tower, Gandhi Statue, Vinoba Road, D. Devaraja Urs Road, JLB Road and reached the Deputy Commissioner’s office where they were scheduled to submit a memorandum to the DC.
Various labour organisations including CITU and AITUC, pro-Kannada organisations and farmer associations extended their support.
According to CITU, the money the Government earned from disinvestment is over Rs. 46,246.58 crore (as on March 29, 2017) during 2016-17.