Which government companies are going to be privatised?

India’s Union government will privatize five or six companies in the current financial year of 2021-22, including Bharat Petroleum (BPCL), Shipping Corp of India and Pawan Hans, said DIPAM Secretary Tuhin Kanta Pandey.

Which sectors are getting privatised in India?

Now, the Centre is set to rejig the privatisation process for companies in non-strategic sectors. This includes steel, tourism, urban development and healthcare sectors. Under the new Public Sector Enterprises (PSE) policy, companies in such sectors will be considered for privatisation, wherever feasible.

Which sectors are privatised?

The policy has segregated all sectors into strategic and non-strategic. The government will divest all sectors except four strategic ones. These are (i) atomic energy, space and defense (ii) transport and telecommunication (iii) power, petroleum, coal and other minerals (iv) banking, insurance and financial services.

Are government banks going to be privatised?

Finance minister Nirmala Sitharaman had announced the privatisation of two state-run banks as part of the government’s disinvestment programme in her February budget speech.

Is ONGC going to be privatised?

Kapoor said the proposal of a 60\% stake sale would not apply to producing areas of the two fields. The government also wants ONGC to privatize smaller fields, and induct partners in bigger, ageing fields where new technologies and the efficiency of private players can help sustain production.

Is LIC getting privatised?

The Government today said that Life Insurance Corporation of India (LIC) has not been privatized. He said, the IPO will increase the investment in LIC. He said the decision on percentage for share holders will be taken later.

Which 2 banks are getting privatised?

Central Bank of India and Indian Overseas Bank are reported to be probable candidates for privatisation. The government has budgeted ₹1.75 lakh crore from stake sale in public sector companies and financial institutions, including two PSU banks and one insurance company, during the current financial year.