And this is area privatization and disinvestment
will work," he said replying to supplementaries in the Lok Sabha during the question hour.
The Finance Minister said that strategic disinvestment
of select CPSEs would continue to remain a priority of this Government.
Healthcare staff must stop providing a service they are accustomed to providing for disinvestment
to be successful.
After examining the performance of 12 loss-making PSUs, the committee recommended that the performance of the subsidiaries of loss making state-owned firms should be thoroughly analysed, which would facilitate the government to take a sound decision on their disinvestment
or closure of specific units.
involve transfer of ownership rights from public to private sector.
In June 2017, the Cabinet Committee on Economic Affairs (CCEA) gave in-principle nod to the strategic disinvestment
of the airline, which has a debt burden of over Rs500 billion.
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.
Commercial banks in India are in the race to manage 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 mentioned that the disinvestment
proposal was approved at a cabinet meeting chaired by Prime Minister Manmohan Singh.