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Ministerial panel set to take up PSU insurer's privatisation soon

Consultations at the CGD level involved deliberations on the process of privatisation, timing, and the way forward to sell the PSU insurer - United India Insurance - suggested by NITI Aayog

PSU, Privatisation
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Illustration: Ajay Mohanty

Nikunj Ohri New Delhi
A ministerial panel will soon take up the privatisation plan of a state-owned insurer as the Core Group of Secretaries on Divestment (CGD) is learned to have not raised any objections on the NITI Aayog’s proposal.
 
Consultations at the CGD level involved deliberations on the process of privatisation, timing, and the way forward to sell the PSU insurer — United India Insurance — suggested by NITI Aayog, said an official. The CGD did not raise any issue that could deter the privatisation process, he added.
 
The Alternative Mechanism — which includes Finance Minister Nirmala Sitharaman and Road, Transport,