New Delhi: Government Think Tank Policy Sources said the commission is unlikely to recommend a new group of state-owned companies for privatization at the moment and is expected to wait to see the progress of companies already identified for privatization.
NITI Aayog, which is tasked with identifying public sector units for privatization, wanted to regularly review the progress of the asset sale programme.
But the Department of Investment and Public Asset Management (DIPAM), which manages the disinvestment programme, has told the government think tank that such a review is not possible and cited the same. Business Rules to support your argument. Deepam has stated that the core group of secretaries is already reviewing the disinvestment program and policy of the CEO Aayog Part of the process, sources said is aware of the development.
NITI Aayog has already submitted a list for privatization of two banks, an insurance company as well as other state-run companies. But progress on these has been limited due to several factors, including the impact of the COVID-19 pandemic on the sales process. The government is keen to expedite the process and NITI Aayog’s request for review of progress may stem from the concern of fast-tracking the process, which is seen as crucial for raising the much-needed revenue for the current year.
Privatization of two state-run banks and an insurance company is unlikely to happen in the current financial year as several issues, including legislative changes, are yet to be tied up.
The focus of the government is now on the listing of the government insurance company LIC And it is expected to be completed by the fourth quarter of the current fiscal, which ends in March.
NITI Aayog, which is tasked with identifying public sector units for privatization, wanted to regularly review the progress of the asset sale programme.
But the Department of Investment and Public Asset Management (DIPAM), which manages the disinvestment programme, has told the government think tank that such a review is not possible and cited the same. Business Rules to support your argument. Deepam has stated that the core group of secretaries is already reviewing the disinvestment program and policy of the CEO Aayog Part of the process, sources said is aware of the development.
NITI Aayog has already submitted a list for privatization of two banks, an insurance company as well as other state-run companies. But progress on these has been limited due to several factors, including the impact of the COVID-19 pandemic on the sales process. The government is keen to expedite the process and NITI Aayog’s request for review of progress may stem from the concern of fast-tracking the process, which is seen as crucial for raising the much-needed revenue for the current year.
Privatization of two state-run banks and an insurance company is unlikely to happen in the current financial year as several issues, including legislative changes, are yet to be tied up.
The focus of the government is now on the listing of the government insurance company LIC And it is expected to be completed by the fourth quarter of the current fiscal, which ends in March.
.