Port Trusts, Railways, Posts out of the purview of new PSE policy
Port Trusts, Airports, Indian Railways, and Posts along with regulatory bodies engaged in welfare activities are among public sector entities that are out of the purview of the new PSE policy.
| 10 Feb 2021 11:36 AM GMT
NEW DELHI: 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 that 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. The Union Cabinet had on January 27 cleared the Public Sector Enterprise (PSE) policy for Aatmanirbhar Bharat.
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.
The new Public Sector Enterprise policy approved by the Cabinet has excluded the 11 major port trusts from its scope (read strategic disinvestment/privatisation), but a new law designed to convert these “port trusts” into “port authorities” may still facilitate this goal. Once the Major Port Authorities Bill is passed by the Rajya Sabha (it has .
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Major port trusts, AAI out of the scope of PSE strategic divestment policy
PTI
New Delhi |
Updated on
February 07, 2021
Certain classes of public sector entities, like major port trusts, Airport Authority of India, those undertaking security printing and minting, will not fall within the purview of the new Public Sector Enterprise (PSE) policy for strategic disinvestment.
The new PSE policy for Aatmanirbhar Bharat, which classifies public sector commercial enterprises as strategic and non-strategic sector, would be limited to central public sector enterprises (CPSE), public sector banks and public sector insurance companies. The policy, however, does not apply to certain classes of public sector entities such as not-for-profit companies or CPSEs providing support to vulnerable groups or having developmental/promotional roles, said the scope of the PSE policy announced in the Budget.