Which govt 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.

Why certain industries are privatisation in India?

The issue of privatisation has come to the forefront due to the poor performance of several public sector enterprises and the consequent huge fiscal deficits faced by the government. The privatisation process began in 1991-92 with the sale of minority stakes in some PSUs.

What is the policy of privatising public sector enterprises in India?

Privatising public sector enterprises is the policy of the government of India since India adopted market and liberalised economy since 1990s. Privatising public organizations has been resorted to by all the successive governments since then, like those of P. V. Narasimha Rao, A. B. Vajapayee, Manmohan Singh and now Narendra Modi.

How many PSUs will Govt sell its stake in India?

Out of these 46, the formal decision on selling the government’s stake in six PSUs is expected soon. There are more than 270 public sector undertakings in India.

Should Modi govt sell its stake in ‘ailing’ PSUs?

Modi government believes that selling its stake in “ailing” PSUs will not only garner the required fund and technology to run these companies but will boost the investment drive also. However, leader of the CPI-backed AITUC, Sukumar Damle thinks otherwise.

Which companies will Govt sell its stake in after BPCL?

After it sells the government’s stake in profit-making public sector companies such as Bharat Petroleum Corporation Limited (BPCL), Shipping Corporation of India (SCI) and Container Corporation of India (CONCOR) etc as already announced, the Modi regime is planning to sell its stake in another 46 public sector companies, National Herald has learnt.