PSU reform and privatisation have been ongoing since the times of Rajiv Gandhi, P V Narasimha Rao, and Atal Bihari Vajpayee. Under Narendra Modi s leadership, PSU reform has been further expanded, including the sale of Air India to Tata Group.
Bharat Bandh for 2 days: Reasons and demands behind the call - The strike notices were given by workers unions of various sectors like coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.
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PM Modi said many PSUs are loss-making and supported by taxpayers money.
Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring the bare minimum in four strategic sectors. It is government s duty to support enterprises and businesses. But it is not essential that it should own and run enterprises, he said.
Modi also said the Centre s policy is to either monetise or modernise public sector enterprises, with the intent that the government has no business to be in business .
Speaking at a webinar on privatisation by the Department of Investment and Public Asset Management (DIPAM), Modi said the Budget has given a clear roadmap to take India to a high growth trajectory.