BPCL divestment is like killing the golden goose, says Congress

BPCL divestment is like killing the golden goose, says Congress

AgenciesUpdated: Monday, November 25, 2019, 05:14 PM IST
article-image

Kochi: Leading a long march here on Monday, Leader of Opposition in Kerala Assembly Ramesh Chennithala slammed Prime Minister Narendra Modi for disinvesting the public sector oil company BPCL and termed it as 'killing the golden goose'.

The long march was organised by the Ernakulam district Congress Committee and taking part in it were thousands of people who walked about three kilometres from Tripunithura to the BPCL refinery, near here.

"The decision of the Centre to sell off BPCL is against the interest of the country and hence all attempts will be made to oppose this. The Kerala opposition will lend its full support to the protest by the BPCL staff against disinvestment. Modi is killing the golden goose," said Chennithala.

The Cochin refineries, here is part of BPCL, was set up by Kerala government and when it was taken over by BPCL, the government kept the five per cent stake in it.

Besides, Kerala government also supported the BPCL by way of tax reliefs.

RECENT STORIES

PM SVANidhi: Centre Paid ₹147.82 Crore In Interest Subsidy On Loans

PM SVANidhi: Centre Paid ₹147.82 Crore In Interest Subsidy On Loans

'It Levels The Playing Field': After Old Video, Nikhil Kamath's Article Supporting Inheritance Tax...

'It Levels The Playing Field': After Old Video, Nikhil Kamath's Article Supporting Inheritance Tax...

Rupee On The Rise: Expert Forecasts Appreciation To ₹82-82.50 In FY25

Rupee On The Rise: Expert Forecasts Appreciation To ₹82-82.50 In FY25

Tech Mahindra Net Profit Tanks 41% To ₹661 Cr In Q4FY24

Tech Mahindra Net Profit Tanks 41% To ₹661 Cr In Q4FY24

Mahindra XUV 3XO Interior Revealed in Latest Teaser, Offering More Insights Ahead of Launch

Mahindra XUV 3XO Interior Revealed in Latest Teaser, Offering More Insights Ahead of Launch