The government has budgeted to raise Rs 20,500 crore through strategic stake sale of PSUs
GN Bureau | October 28, 2016
The union cabinet chaired by prime minister c has given in-principle approval to Niti Aayog’s proposal for strategic sale in public sector undertakings (PSUs), on Thursday. The Cabinet meeting also decided that the department of investment and public asset management (DIPAM) would work out the broad methodology and valuation and therefore would fix the base price for each of the PSU being put up for strategic sale.
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Before privatisation and corporatisation, the Indian Railways need to undertake major reforms including commercial accounting, decentralisation and human resource among others, said Bibek Debroy, economist and member, NITI Aayog at Railways Reforms and Governance Conclave organised by Governance Now on Fri
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