Centre on PSUs Disinvestment: 36 CPSEs to get in-principle approval

The government also revised the estimate for the 2020-2021 disinvestment which stands Rs 32, 000 crores slightly lower than the 2019-2020 disinvestment.

Centre on PSUs Disinvestment: 36 CPSEs to get in-principle approval
Minister of State for finance Bhagat Kishanrao Karad

NEW DELHI: One of the primary topics to focus on, nowadays the government is taking disinvestment process of PSUs on the priority basis, in his recent reply to the Lok Sabha Minister of State for finance Bhagat Kishanrao Karad said, since 2016 the disinvestment has given the 'in-principle' approval for disinvestment of public sector companies which includes joint venture, Subsidiaries, Banks.

However he said, disinvestment of government equity in public sector units depends largely on market sentiment, investor interest, and market valuation of stocks. The government also revised the estimate for the 2020-2021 disinvestment which stands Rs 32, 000 crores slightly lower than the 2019-2020 disinvestment.

Along with IDBI Bank, BPCL, and units of SAIL the Government on Monday gave the list of 36 PSUs that the finance ministry decided 'in-principle' to disinvest and privatize.