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A bold move

Policy on strategic disinvestment is a huge break from the past

Topics
Union Budget | Budget 2021 | Divestment or disinvestment

Business Standard Editorial Comment 



One of the biggest announcements in the presented on Monday was the policy on strategic disinvestment of central public sector enterprises (CPSEs). This would, among other things, give a big push to the overall economic reforms agenda. Finance Minister had announced last year that the government would come up with such a policy, which was cleared by the Cabinet recently. The new policy provides a clear road map for CPSEs, the objective being minimising their presence, and creating more space for the private sector. In this context, the government has identified four broad strategic areas (atomic energy, space and defence; power, petroleum, coal and minerals; transport and telecommunications; and financial services) where will have a minimal presence. In non-strategic sectors, will be privatised or closed.

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First Published: Wed, February 03 2021. 00:26 IST

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