‘Niti Aayog working on new list of sick PSUs’

‘Niti Aayog working on new list of sick PSUs’

Context :

• CEO Amitabh Kant has said that NITI Aayog has been working on a new list of sick and loss making Public Sector Units (PSUs) that could be privatised

Details:

• NITI Aayog has already given recommendations with regard to strategic disinvestment of 40 PSUs.
• Department of Investment and Public Asset Management (DIPAM) is working on it and the process is in an advanced stage
• The government has set a target of ₹ 80,000 crore from disinvestment proceeds in 2018-19

Stake sales:

• In the current fiscal, the government has earned more than ₹ 1 lakh crore from stake sales in public sector firms, as against the Budget estimate of ₹ 72,500 crore in 2017- 18 for the disinvestment process.

Budget allocation to NITI Aayog:

• The Budget allocation for the NITI Aayog had been increased by more than 20% to ₹ 339.65 crore in 2018-19 from ₹ 279.79 crore in 2017-18