Disinvestment: Government may sell stake in 3 PSUs

The government aims to raise Rs 36,000 crore revenue from minority stake sales in PSUs in 2016-17. Another Rs 20,500 crore will be raised from strategic stake sales in PSUs.

GN Bureau | July 20, 2016


#stake sale   #PSUs   #disinvestment   #current fiscal  

 The government is moving ahead with the plan for strategic disinvestment of the selected public sector undertakings (PSUs). And there could be at least two-three such stake sales in the current fiscal.

According to a news report in The Financial Express, the idea is to create momentum before accelerating such sales in the remaining period and use the non-debt revenue generated to fund development activities and infrastructure projects. 
 
NITI Aayog, which has been given the task to identify the PSUs for strategic sale, has already submitted two reports: the first identified 74 sick and loss-making companies for action while the second is to have recommended strategic disinvestment of about 30 other companies. The Aayog is preparing a second list of companies for strategic disinvestment to include more companies in the pipeline to be disinvested. In a strategic disinvestment, government stake can come down to below 49 percent in a PSU from up to 100 percent now. However, it could often take a long time to materialise depending on the complexity of the issues and the company involved. 
 
The administrative ministries and the department of investment and public asset management (Dipam) have been asked to work out the details on how to go about the strategic stake sales.
 

Comments

 

Other News

Battle over cattle, Delhi govt schools lead the way and, why we must return to Gandhi & Tagore

On May 23 this year, the ministry of environment issued ‘Rules on prevention of cruelty to animals (regulation of livestock market)’ with the purported aim of regulating animal markets. When one reads the rules – notwithstanding the lame efforts from union ministers to issue clarificati

BEML unveils 9 MW capacity windmill park

  BEML, a mini ratna category-1 enterprise of the defence ministry, has set a target of using 100 percent renewable energy for its own consumption.   In this connection, BEML’s 9 MW Windmill Park installed at Bagalkot District in Karnataka was recently

BHEL registers increase in intellectual capital

  Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record 508 patents and copyrights were filed by the company, translating into filing of nearly two patents/copyrights

NALCO partners with CII, Odisha for outreach programmes on GST

  National Aluminium Company Limited (NALCO) has joined hands with the Confederation of Indian Industries (CII), Odisha, to organise outreach programmes for industries and other stakeholders on GST implementation.   Series of interactive programmes are being

EPFO inks MoU with HUDCO for Housing for All by 2022

  Taking prime minister Narendra Modi’s vision of ‘Housing for all by 2022’ forward, Employees` Provident Fund Organisation (EPFO) has amended the EPF Scheme, 1952 to provide assistance in acquiring affordable houses to the EPF members by allowing withdrawal from PF to

IndianOil LPG import terminal to reduce refill backlog in Kerala

IndianOil is currently transporting bulk LPG from Mangalore to various LPG bottling plants in north Kerala through about 100 bullet trucks every day, which ply on narrow highways. A pipeline connecting the proposed LPG import terminal to Kochi Refineries Limited and the LPG bottling plants at Udayamperoo



Video

पाकिस्तानी सेना कैमरे में कैद करना चाहती थी ये हमला

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter