The government of India is set to approve several changes in the<\/span> privatisation <\/span>process for companies in non-strategic sectors.<\/span><\/p>\n Recently, the Government of India has <\/span>released a new \u2018<\/span>Public Sector Enterprise Policy<\/span><\/a>\u2019. The policy classifies public sector commercial enterprises into strategic and non-strategic sectors.<\/span><\/p>\n In the strategic sectors, there would be a maximum of four public sector companies.<\/span><\/p>\n On the other hand, companies in non-strategic sectors such as steel, tourism, urban development, and healthcare would be considered for privatisation, wherever feasible or else they would be closed.<\/span><\/p>\n Firstly, <\/b>the Department of Public Enterprises(DPE) would examine non-strategic sectors and identify PSEs in these areas for privatisation.<\/span><\/p>\n Secondly, <\/b>after sectoral evaluation, the DPE would recommend names of PSUs in non-strategic sectors to the Department of Investment and Public Asset Management(DIPAM).\u00a0<\/span><\/p>\n Thirdly, <\/b>following the identification of PSUs for privatisation or closure by the DPE, the names would be taken by DIPAM for Cabinet approval.<\/span><\/p>\n Source:<\/b> This post is based on the article<\/span> \u201c<\/b>Centre set to rejig privatisation process for non-strategic sectors<\/b>\u201d <\/b>published in <\/span>Business Standard <\/b>on<\/span> 3rd December 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? The government of India is set to approve several changes in the privatisation process for companies in non-strategic sectors. Background Recently, the Government of India has released a new \u2018Public Sector Enterprise Policy\u2019. The policy classifies public sector commercial enterprises into strategic and non-strategic sectors. In the strategic sectors, there would… Continue reading Centre set to rejig privatisation process for non-strategic sectors<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10503,8671,750,9990,8896],"class_list":["post-150680","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-business-standard","tag-changes-in-industrial-policy","tag-disinvestment","tag-privatisation","tag-public-sector-undertakings","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704887977},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/150680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=150680"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/150680\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=150680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=150680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=150680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Background<\/b><\/h5>\n
How will the privatization process for non-strategic sectors take place?<\/b><\/h5>\n