Now Reading: Centre rules out diluting strategic sale list, officials say
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Centre rules out diluting strategic sale list, officials say
The central government has ruled out removing any public sector units from its strategic sale list, despite pressure from several ministries seeking exemptions. The heavy industries, fertiliser, and housing departments have repeatedly…
The Story in Brief
The central government has ruled out removing any public sector units from its strategic sale list, despite pressure from several ministries seeking exemptions. The heavy industries, fertiliser, and housing departments have repeatedly approached Niti Aayog and other agencies for a review, but officials have firmly rejected any dilution of the plan.
With only IDBI Bank's privatisation currently active, the government aims to finalise that deal first before identifying new strategic sale candidates. The Centre has already raised over Rs 60,000 crore this year through disinvestment and is on track to surpass the Rs 80,000 crore target, provided the IDBI Bank sale and other small stake offerings materialise.
The Indian Opinion
The government's firmness on strategic sales is welcome, but the narrative of unwavering resolve masks a past of haphazard execution. With only IDBI Bank's privatisation truly active and ministries lobbying for exemptions, the gap between intent and action remains vast. The real test will be whether the Rs 80,000 crore disinvestment target is met by March, or if empty assurances again substitute for concrete progress.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
