Three major decisions have been taken in the cabinet meeting chaired by Prime Minister Narendra Modi on Wednesday late evening. First, the government has decided to sell five big government companies. Second, it has decided to legalize 1728 illegal colonies in Delhi. The third major decision has been that the government has approved 1.2 lakh tonnes of onion imports. In the cabinet meeting, Finance Minister Nirmala Sitharaman said that the government share in 7 government companies will be less than 51%. The government share in BPCL will be less than 51%. BPCL's management control will go into private hands. Numaligarh refinery will remain separate from BPCL disinvestment.
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The Finance Minister said that the government will sell its entire stake in SCI, CONCOR. THDCIL will be sold to NTPC. NEEPCO will also be sold to NTPC. Roads constructed with government expenditure will be monetized. NHAI can raise passages through securitization. To become a regulator for international finance service centers. You will get 15-30 years to operate and transfer road tolls.
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He informed that the revival plan of the telecom sector has been approved. To give relief to telecom companies, the payment period will be increased. Relief from spectrum fee payment has been given by 2021-22. The payment has to be made in 18 installments instead of 16, the government has decided to sell these five government companies completely.
1. BPCL (Excluding Numaligarh Refinery of Assam) 2. Shipping Corporation of India 3. Container Corporation of India 4. Tehri Hydel Development Corporation India Limited 5. North Eastern Power Corporation
Nirmala Sitharaman said in Rajya Sabha, "People can withdraw one lakh from PMC bank"