Port Trusts, Railways, Posts out of purview of new PSE policy
By IANS |
Published on
Tue, Feb 9 2021 20:27 IST |
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Cabinet may take up new disinvestment policy soon.. Image Source: IANS News
New Delhi, Feb 9 : Major Port Trusts, the Airports Authority of India, the Indian Railways and Posts along with regulatory bodies and companies engaged in welfare activities are among the classes of public sector entities which are out of the purview of the new PSE policy for Aatmanirbhar Bharat .
The Department of Disinvestment and Asset Management (DIPAM) under the Finance Ministry has circulated a list of such PSEs to all ministries and departments of the Central government under the new PSE policy for Aatmanirbhar Bharat.
Ongoing strategic disinvestments of CPSEs to be outside PSE policy purview
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Synopsis
Strategic disinvestments of Air India, Bharat Petroleum Corp Ltd, Shipping Corporation of India and BEML announced during FY21, are in various stages of advancement. The government is expecting to conclude these transactions in FY22.
Agencies
The memorandum has specified that PSEs involved in development, regulatory authorities, autonomous organizations, trusts, development financing or refinancing institutions created through the Acts of Parliament are outside the scope of the policy.
Ongoing transactions for strategic disinvestment of central public sector enterprises (CPSEs) will not be affected by the new policy, department of investment and public asset management (DIPAM) said Friday.
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Government floats PPP model for dredging projects at major port trusts
January 02, 2021
Dredging industry sceptical of the move
The Government has floated the concept of undertaking channel deepening and maintenance works at major port trusts through the public-private-partnership (PPP) mode.
“A PPP model may be worked out for dredging projects with the hybrid model of combining the capital dredging with maintenance dredging for 10-20 years,” according to the draft dredging guidelines for major port trusts prepared by the ministry of ports, shipping and waterways.
“The revenue share between major ports and PPP operator may be the bidding parameter for floating the PPP projects. The existing PPP operators of the berth may share proportionate cost based on the volume of cargo handled along with the berths operated by the major ports themselves,” says the draft prepared by the ministry and circulated for public consultation.
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