As per the disinvestment
policy, the Government has approved listing of 14 CPSEs in sectors like railways, defence, power, steel, renewable energy & insurance.
Kant said, "NITI Aayog has already recommended 40 sick PSUs for strategic disinvestment
Last year, the Union Cabinet gave its in-principal approval for disinvestment
of Air India and constituted an inter-ministerial group to chalk out the strategy for its stake sale.
As in the case of several other CPSEs, employee protests and ongoing litigations were the major hurdles before the disinvestment
of its assets.
The government has set a disinvestment
target of Rs 56,500 crore for this fiscal.
The government is looking for a disinvestment
The Government started to deregulate the areas of its operation and subsequently the disinvestment
in public sector enterprises was announced.
However, the recent sale of Hindustan Copper shares has given more a kick than a start to the process of disinvestment
It was also reported earlier that the company was facing financial difficulties and the disinvestment
proposal was forwarded to the cabinet by Heavy Industries and Public Enterprises Minister Praful Patel.
Last week, disinvestment
secretary Sumit Bose had said that Engineers India disinvestment
is likely to take place by the middle of July.
While Unite/CPHVA welcomed the investments made in children's centres, it highlighted disinvestment
in the health visiting service.
Summary: After several deaths and rebirths, disinvestment
is back as a big-ticket reform.