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‘Niti Aayog working on new list of sick PSUs’

‘Niti Aayog working on new list of sick PSUs’

Context:

Niti Aayog is working on a new list of sick and loss-making Public Sector Units (PSUs) that could be privatised

Background:

“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

Aayog had already prepared and given four lists of such PSUs and was “working on the fifth list.”

The government has set a target of ₹80,000 crore from disinvestment proceeds in 2018-19.

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.

About NITI Aayog:

The NITI Aayog, also National Institution for Transforming India, is a policy think tank of the Government of India, established with the aim to achieve Sustainable Development Goals and to enhance the cooperative federalism.

ChairpersonNarendra Modi

CEOAmitabh Kant (Jan 2015–)

Founded: 1 January 2015

HeadquartersNew Delhi

PredecessorPlanning Commission

Parent agencyGovernment of India

 

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