Govt issues notice to implement revised PSE policy for CPSEs
CPSEs in the Strategic Sector/ Non- Strategic Sector are to be taken up for privatisation, merger, subsidiarisation with another CPSE or for closure.
New Delhi: The Guidelines has been issued on Monday for Implementation of New Public Sector Enterprises (PSE Policy) for CPSEs in Non-Strategic Sector'
The new PSE Policy envisages the classification of CPSEs into Strategic and Non-Strategic Sectors and exempts certain CPSEs such as those set up as not-for-profit companies under the Companies Act, 2013 or those supporting vulnerable and weaker sections of society, from the scope of the Policy. The strategic sectors as per the policy are as under: Atomic Energy, Space, and Defence Transport and Telecommunication Power, Petroleum, Coal, and Other Minerals Banking, Insurance, and Financial Services
CPSEs in the Strategic Sector/ Non- Strategic Sector are to be taken up for privatisation, merger, subsidiarisation with another CPSE or for closure. Only a bare minimum presence of CPSEs in the aforesaid Strategic Sector is to be maintained.
The office memorandum states that "The undersigned is directed to forward the guidelines for implementation of New Public Sector Enterprises (PSE) Policy for CPSEs in Non-Strategic Sector notified by the Government on 4tit February, 2021.
All the administrative Ministries/ Departments concerned with CPSEs are requested to take note of the revised guidelines and also bring the sa-e io the notice of all CPSEs under their administrative control for compliance. Closure of CPSEs may be dealt with in accordance with these guidelines, it added.
This official memorandum was issued with the approval of the Hon'ble Minister of Finance. Copy of issue is forwarded to the secretaries to the ministries/departments of the government of India.