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New PSU Privatisation Policy
May 24 , 2020
1567 days
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- The new PSU Policy will categorise the sectors as Strategic and Non-Strategic ones.
- The government will retain maximum of four and minimum of one inthe Central Public Sector Enterprises (CPSEs) in Strategic Sectors.
- All other Public Sector Undertakings (PSUs) in Non-Strategic sectors will be either privatised privatised or merged or brought under the holding companies.
- It is with an aim to minimise the administrative cost of the Central Government.
- The Strategic sector PSUs in India are
- Arms & Ammunition of defence equipment
- Defense aircraft & warships
- Atomic energy
- Applications of radiation to agriculture, medicine and non-strategic industry
- Railways
- Companies in which Central Government holds 51% stake are known as CPSEs or PSUs.
- Privatisation means migration from the Public to Private Sector through the transfer of ownership, management and control.
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