Not possible to remain the owner of many CPSEs, should focus on public welfare: PM Modi prime-minister-of-india-news


Not possible to remain the owner of many CPSEs, should focus on public welfare: PM Modi
Prime Minister Shri Narendra Modi (PTI)


New Delhi: Coming Back on the privatisation process, Prime Minister Shri Narendra Modi on Wednesday address the webinar on privatization and asset monetization, attended by the top investor bankers, sovereign and pension funds as well as domestic and international investors.

Prime Minister is now focusing on more public welfare and development rather than being owners of CPSEs, the main motive is a high-growth trajectory and makes a roadmap to put the economy on growth. With the mantra of ‘monetize and modernize’, PM also announced investment opportunities worth Rs 2.5 trillion in the national asset monetization pipeline outlined in the Union budget, through the sale of around 100 assets of central public sector enterprises (CPSEs).

Speaking on the FY22 budget Modi said “There are many public sector enterprises which are loss-making. Many of them need to be supported through taxpayers’ money. The money on which poor and youth have the right is spent on these enterprises and because of this, the CPSEs also prove to be a burden on the economy.”

Posted Date :  26-02-21

Categories : prime-minister-of-india-news

Tag Cloud: prime-minister-of-india-news

Similar news

PM Modi released Hindi version of 'Odisha Itihaas'

New Delhi: The Prime Minister, Shri Narendra Modi released the Hindi translation of the book ‘Odisha Itihaas’ written by ‘Utkal Keshari’ Dr. Harekrushna Mahtab. The book, available in Odia and English so far, has been translated into Hindi by Shri. Shankarlal Purohit. Union M
Posted Date :  09-04-21

Read more

World Water Day: PM to launch Jal Shakti Abhiyan

New Delhi: Prime Minister Shri Narendra Modi will launch the 'Jal Shakti Abhiyan: Catch the Rain' campaign via video conferencing to mark ‘World Water Day’ and spread awareness towards water conservation, today. On the occasion, an MoA also will be signed between the Union Minist
Posted Date :  22-03-21

Read more