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‘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
