New Delhi: The government, which is facing shortage of funds, is going to take big steps to raise funds. Due to the recession in the country, the government is under pressure to put money in the market and to promote development works. But for this the government needs huge cash. The government is eyeing around 57 closed companies. The PSUs to be entrusted to private hands have been identified and NITI Aayog has handed over their names to the government and the cabinet has approved the sale of 26 PSUs (Strategic Disinvestment).

It is being said that the government can speed up the process of privatization of PSUs to fill the treasury. Sources said that NITI Aayog has submitted six lists of PSUs for which strategic disinvestment is to be done. The latest list includes a total of 11 PSUs, including Shipping Corporation of India and Container Corporation of India. Earlier, the Commission has submitted five lists to the government and recommended to sell a total of 46 PSUs, including Air India, out of which the government has cleared the statutory disinvestment of 26 PSUs.

Sources said that the government will now insist on privatization, taking steps towards furthering the pending economic reforms. In the near years, the government has made several important reforms in the form of implementation of GST and reduction in corporate tax. In such a situation, the government is now taking steps towards privatization and is identifying irrelevant PSUs so that they can be sold. The government aims to raise Rs 1,05,000 crore through disinvestment.

Also Read:

This Navratri IRCTC can bring IPO in market

These e-commerce companies employed 1.4 lakh people before festive sale

Gold and silver prices again fall drastically, know today's rate

This Indian company got third place in the list of Forbes for the most prestigious companies