The BJP-led NDA government is all set to embark on its strategic disinvestment programme.
NITI Aayog’s proposal for shutting down 17 sick or loss-making government companies has received the go-ahead from Prime Minister’s Office (PMO).
A second set of proposals from the Aayog for strategic sales aimed at reducing government ownership to below 51 per cent in about 22 public sector companies has also got the green signal from the PMO.
Government companies in the hospital services business and the construction consultancy industry are also on the list of PSUs for strategic disinvestment.
The Finance Ministry is approaching the Cabinet for its approval separately for each of the strategic sales the PMO has approved. It expects minimum resistance as the administrative ministries were brought on board.
Before these PSUs are shut down, the Centre will offer voluntary retirement to their employees.
The administrative ministries of these PSUs will seek approvals of the Cabinet Committee on Economic Affairs for each of these cases.
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