Cabinet likely to take up policy for PSU privatisation this month

The Cabinet is likely to take up this month the much-awaited policy for privatisation of public sector undertakings (PSUs), which will lay the road map for reducing the number of government-owned entities in strategic sectors.

The policy is likely to be taken up by the Cabinet before the Union Budget is presented, and will subsequently be announced, a senior government official said. 

The Budget is likely to be presented on February 1.

The Public Sector Enterprises policy would include broad contours of the government’s plans for privatisation.

It has been finalised by the Department of Investment and Public Asset Management, and the Cabinet Secretariat