Government to take this step to remove government bottlenecks in the disinvestment process
Government to take this step to remove government bottlenecks in the disinvestment process
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New Delhi: The central government has come on a mission mode to end the economic slowdown in the country. The government knows that for this it will have to put huge amount of money in the market. A large part of which may come from disinvestment of PSUs. The government has taken a major step to speed up the disinvestment process. The government has decided to limit the role of relevant ministries of government companies in the process of disinvestment.

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In this order, the Department of Investment and Public Asset Management (Deepam) of the Ministry of Finance has been given the entire responsibility of strategic disinvestment in PSUs. After this change, the Secretary will now co-chair with the Secretary of the concerned ministry in the meetings of the Inter-Ministerial Committee on Disinvestment. Not only this, but NITI Aayog will also have to work with Deepam for identification of PSUs for strategic disinvestment.

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Till now, the NITI Aayog had the responsibility to identify and prepare a list of PSUs for strategic disinvestment. The Union Cabinet has also given its consent to this proposal. And soon it will be formally announced. Last week, a group of secretaries decided to approve the sale of government stake in BPCL, Shipping Corporation, CONCOR, NEEPCO and THDC.

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