‘Niti Aayog working on new list of sick PSUs’ |ForumIAS

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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