In a major step towards breaking the inertia of policy paralysis, the Cabinet is expected to give a go-ahead for disinvestment in some key profit-making public sector units (PSUs) when it meets on Friday. The move is expected to help the government partially meet its 30,000-crore target for this fiscal.
The Cabinet will deliberate on the possible disinvestment of the following PSUs:
- A 9.59% stake sale in Hindustan Copper. The government’s share in the company is 99.59%.
- A 12.15% stake sale in Nalco. The government holds 87.15%.
- A 5% stake sale in Neyveli Lignite through the offer for sale route. The government owns 93.56%.
- A 10% stake sale in Oil India, in which the government owns 78.43%.
- A 9.33% stake sale in MMTC. The government owns 99.39%.
So far, no proposal for foreign direct investment in any sector is on the agenda.
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