New Delhi: Kicking off PSU reforms, NITI Aayog has submitted to the prime Minister’s office a roadmap for closure and strategic sale of presidency stake in some public area units.
“NITI Aayog has has submitted separate lists of nation-run groups, one comprising of sick PSUs which can be closed down and the other a list of corporations which ought to be privatised,” a source said.
“Strategic sale way that the government will convey down its stake to 49 consistent with cent or below in such PSUs,” the source delivered.
Finance Minister Arun Jaitley had said in his budget 2016-17 speech that NITI Aayog will discover PSUs for strategic sale.
below the roadmap, the Aayog treated two sets of troubles — one relates to decision concerning unwellcorporations which have been making losses, even as the second one is disinvestment, or strategic salein which authorities desires to reduce its stake.
authorities has set a disinvestment target of Rs fifty six,500 crore for this financial. Of this, Rs 36,000 crore is to come back from minority stake sale in PSUs and Rs 20,500 crore from strategic sale.
government kickstarted the disinvestment programme for the modern fiscal with 11.36 in keeping with cent stake sale in NHPC. The government raised Rs 2,seven-hundred crore via the technique.
It has lined up as many as 15 PSUs, such as Coal India, NMDC, MOIL, MMTC, countrywide Fertilisers, NALCO and Bharat Electronics, for stake sale in current monetary.
at some point of 2015-16, the government controlled to notch up Rs 25,312 crore through disinvestment,less than half of the goal of Rs 69,500 crore.
It had raised round Rs 24,500 crore in 2014-15 via promoting stake in public businesses; approximatelyRs sixteen,000 crore in 2013-14 and Rs 23,960 crore in 2012-13. It had raised around Rs 14,000 crore in 2011-12 and over Rs 22,100 crore in 2010-11.
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story first published on: June 15, 2016 10:51 (IST)
Tags: NITI Aayog, NITI Aayog PSU reforms, PSU reforms, PSU reforms NITI Aayog, business information
