Economic Package | Centre opens non-strategic PSUs for private players to make India 'self-reliant'
New Delhi | Jagran Business Desk: Finance Minister Nirmala Sitharaman on Sunday announced that under its new public sector policy, private companies will be allowed to participate in non-strategic PSUs to make India 'self-reliant'.
"Government to announce a new public sector policy - a list of strategic sectors requiring presence of PSEs in public interest will be notified. In strategic sectors, at least 1 enterprise to remain in public sector but private sector to be allowed. In other sectors, PSEs to privatised," Sitharaman said.
In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed. In other sectors, PSUs will be privatised, Sitharaman said.
"To minise wasteful administrative costs, number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised/merged/brought under holding companies," she said.
Sitharaman on Sunday said reforms will be the focus of the fifth and final tranche of economic stimulus package to deal with the economic fallout of the COVID-19 pandemic.
She said the package would focus on MGNREGA, healthcare and education, businesses, de-criminalisation of the Companies Act, ease of doing business, public sector undertakings, and resources related to state government.
During the coronavirus-induced lockdown, Rs 16,394 crore has been paid to 8.19 crore farmers under the Rs 2,000 free cash dole scheme of PM Kisan, she said.
Old-age beneficiaries and others have been paid first instalment of Rs 1,405 crore and a second one of Rs 1,402 crore.
She allso said that as much as Rs 10,025 crore has been transferred to 20 crore women Jan Dhan account holders. Also, 6.81 free LPG cylinders have been given to poor.
The lockdown, which brought most of the economic activities to a standstill as factories and businesses were shut while rendering thousands temporarily unemployed, has since been extended twice through May 17, with some relaxations to allow resumption of economic activities.
(With PTI inputs)
Posted By: Aalok Sensharma