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Indian Economy

NITI Aayog is working on a new list of sick and loss-making Public Sector Units (PSUs) that could be privatised, said CEO Amitabh Kant.

“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,” Mr. Kant said on Wednesday.

He added that the 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 Rs. 80,000 crore from disinvestment proceeds in 2018-19.

Stake sales

In the current fiscal, the government has earned more than Rs. 1 lakh crore from stake sales in public sector firms, as against the Budget estimate of Rs. 72,500 crore in 2017-18 for the disinvestment process. Minister of State for Planning Rao Inderjit Singh, who was also present at the conference, pointed out that the Budget allocation for NITI Aayog had been increased by more than 20% to Rs. 339.65 crore in 2018-19 from Rs. 279.79 crore in 2017-18.

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