Bhubaneswar: Chief Minister Naveen Patnaik has reconstituted the Cabinet Sub-Committee on Disinvestment(CSCD).
The CSCD is headed by Finance Minister and its members are Minister for Law, Minister for Public Enterprises and Minister for Industries.
The sub-committee is empowered to deal with privatization and matters relating to divestments in public and cooperative enterprises. The Convener of the Cabinet sub-committee will be Secretary, Public Enterprises Department.
The Minister in charge of Public/Cooperative affairs will be the special invitee to the Cabinet sub-committee. The sub-committee is free to initiate procedures for conducting its day to day proceedings.
The decisions taken in connection with divestment will be placed before the Cabinet meet for due approval.
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