Union Cabinet gives in-principle approval for strategic sale of over dozen PSUs

The recommendations of the NITI Aayog on disinvestment and strategic sale came up for consideration and the Cabinet in principle approved the recommendations with regard to some of the units.

Created On: Oct 28, 2016 09:20 IST

Union Cabinet on 27 October 2016 gave its in-principle approval to NITI Aayog’s proposal for strategic sale of over a dozen public sector undertakings (PSUs).

Finance Minister Arun Jaitley said the names of PSUs that are up for strategic stake sale would be made public once they are going to be put up for the auction. This list does not include PSUs for closure. 

The recommendations of the NITI Aayog on disinvestment and strategic sale came up for consideration and the Cabinet in principle approved the recommendations with regard to some of the units.

Highlights of the Decision 

• Each case would be considered separately after it has been examined by the Department of Disinvestment and the Ministries concerned.

• The strategic sale will involve a management control transfer as the shareholding of the government would come down to below 50 per cent.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS

Related Stories

Comment (0)

Post Comment

2 + 1 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.

    Monthly Current Affairs PDF

    • Current Affairs PDF November 2021
    • Current Affairs PDF October 2021
    • Current Affairs PDF September 2021
    • Current Affairs PDF August 2021
    • Current Affairs PDF July 2021
    • Current Affairs PDF June 2021
    View all

    Monthly Current Affairs Quiz PDF

    • Current Affairs Quiz PDF November 2021
    • Current Affairs Quiz PDF October 2021
    • Current Affairs Quiz PDF September 2021
    • Current Affairs Quiz PDF August 2021
    • Current Affairs Quiz PDF July 2021
    • Current Affairs Quiz PDF June 2021
    View all