Govt approves strategic sale in PSUs

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The Union Cabinet on Thursday granted accepted in principle a Niti Aayog’s proposal for strategic sale in over a dozen public sector undertakings (PSUs) including those that are making profits.
Talking to reporters after the Cabinet meeting chaired by Prime Minister Narendra Modi, Finance Minister Arun Jaitley said the names of PSUs that are up for strategic stake sale would be made public once they are going to be put up for the auction.
“The recommendations of the NITI Aayog with regard to both disinvestment and strategic sale came up for consideration. In principle, the Cabinet has approved the recommendations with regard to some of the units,” the minister said.
Each case would be considered separately after it has been examined by DIPAM (earlier known as Department of Disinvestment) and the ministries concerned, he said.
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