The Budget for the fiscal starting 1 April is likely to establish the strategic sectors PSUs the place the federal government would love to retain its presence, sources informed PTI
New Delhi: Finance Minister Nirmala Sitharaman within the Budget subsequent week is likely to unveil a blueprint of a new privatisation policy, the place the federal government will exit PSUs within the non-strategic sector, sources stated.
The Budget for the fiscal starting 1 April is likely to establish the strategic sectors PSUs the place the federal government would love to retain its presence, the 2 sources conscious of the matter stated.
The Cabinet on Wednesday cleared the new public sector enterprises (PSE) policy that may outline strategic and non-strategic sectors.
The strategic sectors are likely to be ones which are important for nationwide curiosity and of the general public good.
As a part of ‘Aatmanirbhar Bharat’, the federal government in May had introduced that there might be a most of 4 public sector firms in strategic sectors, and state-owned corporations in different segments will ultimately be privatised.
Under the policy, a listing of strategic sectors might be notified the place there might be not less than one and a most of 4 public sector enterprise.
In different sectors, central public sector enterprises (CPSEs) might be privatised, relying on the feasibility.
The sources stated the Budget is likely to concentrate on privatisation of CPSEs, which might assist the federal government meet the assets wanted to fund elevated expenditure.
In the present fiscal, the federal government has mopped up Rs 17,957 crore from CPSE minority stake sale and share buyback. This compares to the Budget goal of Rs 2.10 lakh crore for your entire fiscal.
There are about 249 working CPSEs with a mixed turnover and internet value of Rs 24 lakh crore and Rs 12 lakh crore, respectively. Of this, over 54 are listed on the bourses.
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