• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Govt to privatise non-strategic PSUs: FM Sitharaman

By PTI
|

New Delhi, May 17: Finance Minister Nirmala Sitharaman on Sunday said a new "coherent" public sector enterprises policy will be formulated that will define strategic sectors which will have not more than four PSUs.

Govt to privatise non-strategic PSUs: FM Sitharaman

List of strategic sectors requiring presence of public sector undertakings (PSUs) in public interest will be notified, she said while announcing her fifth and final economic stimulus package.

No fresh insolvency to be initiated for 1 year under IBC: Nirmala Sitharaman

In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed.

In other sectors, PSUs will be privatised. "To minise wasteful administrative costs, number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised/merged/brought under holding companies," she said

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X