India will reduce the number of central government companies— some of them will get bigger and some will be sold to private players
- India’s central
public sector enterpriseswill exist only in ‘strategic sectors’ where the government role will be important.
- The Narendra Modi government has decided to use the COVID-19 crisis to merge or privatise many of these and expose them to private competition.
- There are 339 public sector enterprises in India.
AdvertisementThere are 339 public sector enterprises in India and often at the receiving end of the argument that the ‘government has no
India’s central public sector enterprises will exist only in ‘strategic sectors’ where the government role will be important. But there will be two different sets.
Here’s how it will work.
- In one set, there will be at least one central public sector company which will compete with private players.
- In the second set, there won’t be more than four public sector enterprises and private players will be allowed.
Here’s the list of total of all the central public sector enterprises in India.
These are the list of Maharatna
- Steel Authority of India Limited (SAIL)
- National Thermal Power Corporation ( NTPC)
- Oil and Natural Gas Corporation (ONGC)
- Bharat Heavy Electricals Limited (BHEL)
- Bharat Petroleum Corporation Limited (BPCL)
- Hindustan Petroleum Corporation Limited (HPCL)
- Indian Oil Corporation Limited (IOCL)
- Power Grid Corporation of India (POWERGRID)
- Gas Authority of India Limited (GAIL)
- Coal India Limited (CIL)
The government has already begun the process of privatisation of several public companies. Air India – the government-owned airline – has been on the block for a while now. Aside from this, there are also pending proposals to sell the central government stake in companies like BPCL, Industrial Development Bank of India (IDBI), and Container Corporation of India (Concor). It is not clear as of now whether the new reforms will affect these decisions.
During the budget announcements in February 2020, the Indian government had set a target of gaining ₹2.1 lakh crore from disinvestments by FY21. This is even after in the previous financial year, the government had to revise its targets from ₹1.05 lakh crore to ₹65,000 crore.
An ET report had quoted an official from the Department of Investment and Public Asset Management (DIPAM) who said that the government is looking at the “option of strategic sale of smaller CPSEs to their sector counterparts.”
100 universities to go online, TV channels for students, special content for visually and hearing impaired - India's big boost for education during Covid-19
India puts a pause on new bankruptcy cases for a year — and other changes that will cap the rise in bad loans
India to increase expenditure on health — will set up public health labs at block levels in all districts
Popular on BI
- Elon Musk said Twitter will start showing users how many people have seen their tweets, and got Jack Dorsey's approval
- Elon Musk reportedly told workers at his brain-chip startup to imagine they had bombs strapped to their heads to make them work faster
- A janitor laid off at Twitter's headquarters said one of Elon Musk's team members told him he'd be replaced by robots
- Adani Transmission to Deepak Nitrate, here are the fastest wealth creators
- Best mattress in India
- Rupee gains 10 paise to close at 82.28 against US dollar
- Sensex, Nifty50 log declines to close the week in red – IT, PSU banks and energy stocks drag
- Over 1.83 lakh Indians renounced their citizenship till October says external affairs ministry
- Realme10 Pro Plus Mobile
- Gig jobs
- Sula Vineyards IPO
- Whatsapp tips
- International Roaming Plans
- RBI hikes repo rate
- Larget Employers
- Highest Revenue companies
- New Cars in December 2022
- Best Companies for Work
- India's Richest People
- Most Valuable Companies
- Most searched movies
- Adani Enterprises
- Top 10 Colleges in India
- Top 10 Airlines in World