inter-ministerial committee

NEW DELHI: In what appears on first reading to be more about unintended fallout, the inter-ministerial committee (IMC) of the Union government, which had recently approved and submitted a list of 'non-core' assets of public sector undertakings (PSUs) for monetisation, is a golf course in Ahmedabad owned by Oil and Natural Gas Corporation (ONGC) that abuts two producing oil wells.

The Department of Investment and Public Asset Management (DIPAM) has deemed golf courses and sports clubs owned by PSUs as 'non-core'.