Thursday 28th May 2020

approval for strategic disinvestment of 33 CPSEs

Dec 4th, 2019 7:02 pm | By | Category: LATEST NEWS

(THE NEWSMAN OF INDIA.COM)
Government has given ‘in-principle’ approval for strategic disinvestment of 33 CPSEs
The Government has given ‘in-principle’ approval for strategic disinvestment of 33 Central Public Sector Enterprises (CPSEs) including subsidiaries, Units and Joint Ventures with sale of majority stake of Government of India and transfer of management control. The list of 33 CPSEs are at Annexure. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

These include profit making as well as loss making CPSEs. Government follows a policy of strategic disinvestment of CPSEs, which are not in ‘priority sectors’ For this purpose, NITI Aayog has been mandated to identify such CPSEs based on the criteria of (i) National Security; (ii) Sovereign function at arm’s length, and (iii) Market Imperfections and Public Purpose. However, profitability/loss of the CPSEs is not among the relevant criteria.

https://pib.gov.in/Pressreleaseshare.aspx?PRID=1594731

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