Sage-Tips

Which all PSU will be privatised?

After 19 years, privatisation of five to six PSUs will take place this year itself, Pandey said at the Global Economic Policy Summit. BEML, Shipping Corporation of India ( SCI), Pawan Hans, Central Electronics, Nilachal Ispat Nigam are the PSUs the government is looking to privatise this year, he said.

What companies will privatize?

Air India sale: Modi govt’s first privatisation in 7 years; what…

• Modern Foods.
• Maruti Udyog.
• Bharat Aluminium Company (BALCO)
• CMC.
• Hindustan Teleprinters.
• Hindustan Zinc.
• Indian Petrochemicals.
• Jessop and Co.

Will BHEL be disinvested?

A Bhel spokesperson, in an emailed response, said, “As you would be aware, the disinvestment exercise of any PSU is the prerogative of the government. “To the best of our knowledge, there is no information on Bhel’s disinvestment at this juncture,” the spokesperson said.

Will UCO Bank be privatised?

This leaves the room open for only six banks – UCO, IOB, Central Bank, Bank of Maharastra, Punjab and Sind Bank, and Bank of India for privatisation. In this year’s budget, Finance Minister Nirmala Sitharaman announced that two state-run banks along with IDBI Bank would be privatised in FY22.

Is Bel central or state government?

Bharat Electronics Limited (BEL) is an Indian Government-owned aerospace and defence electronics company. It primarily manufactures advanced electronic products for ground and aerospace applications. It has been granted Navratna status by the Government of India.

Does the temptation to privatise public sector enterprises stop with PSUs?

Further the temptation to privatise did not stop with PSUs. Contrary to the accepted rationale of privatisation, we have seen the government withdrawing from health and education sectors, leaving the citizen with almost no choice but to seek costly education and unaffordable healthcare offered by the private sector.

What should be the policy and yardstick for PSU privatisation?

The country needs to know the policy and yardstick for PSU privatisation. Driving every public sector employee into the precipice of uncertainty cannot beget the best outcomes. The short-term and long-term plan of disinvestment of PSUs, created by exchequers’ money, need to be shared with the nation.

How many PSUs have been sold by the Government of India?

The information we will be providing here is provided by Priya Ranjan, CPIO & Under Secretary, Department of Investment and Public Asset Management, Government of India. We will list all the 26 PSUs which have been finalised to be sold by the Government.

Should the government sell off PSUs to improve public services?

The argument was the government could utilise the money gained by selling off PSUs to improve services in public goods like infrastructure, health and education. It was widely held in the nineties that the state needs to concentrate on these areas aimed at human resource development that would facilitate and accelerate economic growth.