Our Reporter Dimapur, Nov. 12 (EMN): Nagaland Chief Minister Neiphiu Rio, on Saturday, said disinvestment policy is the way forward as the government ‘cannot do business, own and manage everything’, and it should serve simply as a facilitator, while private parties, entrepreneurs and the business community conduct the economic operations. Inaugurating the Working Women Hostel at Walford Colony in Dimapur, Rio said that former Prime Minister of India, Atal Bihari Vajpayee-led government introduced the disinvestment policy in India for the first time. Describing it as one of the most ‘visible and beneficial policies’, he said the estimate income from disinvestment was INR 5000 crore, but it turned out to be INR 9000 crore. Taking the example of an advanced nation, the chief minister said all government policies are only to facilitate, guide, train, and assist them (entrepreneurs); everything is privatised from the smallest to the largest. ‘So, it is time to change,’ he said, adding that the leaders’ mindset should focus on training and promoting young entrepreneurs, while the youth take on the challenges. He said people are now completely reliant on the government, and that the state economy is a salary economy. Rio also congratulated the department of Urban...
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