New Delhi: Finance Minister Nirmala Sitharaman in the Budget unveiled the Disinvestment/Strategic Disinvestment Policy, which had four strategic sectors in which bare minimum number of CPSEs will be retained and the rest would be privatised or merged or made subsidiary of another CPSE or closed down.
Certain classes of public sector entities, like major port trusts, Airport Authority of India, those undertaking security printing and minting, will not fall within the purview of the new PSE policy for strategic disinvestment.
The new Public Sector Enterprise (PSE) policy for Aatmanirbhar Bharat, which classifies public sector commercial enterprises as strategic and non-strategic sector, would be limited to central public sector enterprises, public sector banks and public sector insurance companies.
“The policy, however, does not apply to certain classes of public sector entities such as not-for-profit companies or CPSEs providing support to vulnerable groups or having developmental/promotional roles,” said the scope of the PSE policy announced in the Budget.
Finance Minister Nirmala Sitharaman in the Budget unveiled the Disinvestment/Strategic Disinvestment Policy, which had four strategic sectors in which “bare minimum” number of CPSEs will be retained and the rest would be privatised or merged or made subsidiary of another CPSE or closed down.
