Govt making new list of sick units for strategic stake sale, says Niti Aayog CEO Amitabh Kant

The govt expects to raise Rs 80,000 crore from PSU disinvestment in the next fiscal, lower than Rs 1 lakh crore raised this financial year

PTI March 04, 2018 22:29:09 IST
Govt making new list of sick units for strategic stake sale, says Niti Aayog CEO Amitabh Kant

New Delhi: Government think-tank NITI Aayog is preparing another list of sick PSUs that can be privatised, its CEO Amitabh Kant said on Wednesday.

The Prime Minister's Office (PMO) had asked the think- tank to look into the viability of sick state-run companies. The Aayog has already recommended strategic divestment of 40 sick public sector units.

"NITI Aayog has already recommended 40 sick PSUs for strategic disinvestment. Department of Investment and Public Asset Management (DIPAM) is working on it and the process is on advanced stage.

Govt making new list of sick units for strategic stake sale says Niti Aayog CEO Amitabh Kant

Amitabh Kant. Ibnlive

"...We have already sent four lists (of sick PSUs). We are working on the fifth list.We will also prepare sixth and seventh list (of sick PSUs)," Kant said here.

The government expects to raise Rs 80,000 crore from PSU disinvestment in the next fiscal, lower than Rs 1 lakh crore raised this financial year.

The 2017-18 Budget had set the target of disinvestment in public sector units at Rs 72,500 crore.

This included Rs 46,500 crore as disinvestment of CPSEs, Rs 15,000 crore from strategic disinvestment and Rs 11,000 crore from listing of insurance companies.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Parliament's Monsoon Session: Opposition to oppose four legislations that 'take away rights of states', says Jairam Ramesh
Politics

Parliament's Monsoon Session: Opposition to oppose four legislations that 'take away rights of states', says Jairam Ramesh

The legislation will be brought in to replace four ordinances — three related to the farm sector and the amendment to the Banking Regulation Act

Rajan, Acharya may be off mark: PSU banks need strategy and focus to survive, not privatisation as remedy
India

Rajan, Acharya may be off mark: PSU banks need strategy and focus to survive, not privatisation as remedy

The PSU banks' problem is often linked to India's burgeoning fiscal deficit that needs control because pumping taxpayer money into state-run banks is fraught with risks.