With a target of one lakh crores, the government will sell shares and properties of public sector companies

New delhi date. September 1, 2019, Sunday

The government is doing a series of ads to boost the country's economy. However, GDP growth has reached 5%.

The government has given relief to the auto sector, merged the banks and now the government can announce a big announcement of disinvestment in the coming days.

According to sources, the government can remove 5 to 10 percent of the shares of public sector companies for sale. Finance Minister Nirmala Sitaram has been ordered to create a solid disinvestment policy for this. Under this policy, there will be efforts to increase public participation in government companies.

Meetings are being held for this with the Policy Commission. A new disinvestment policy may be announced by the end of September. The government companies that are sick are being sold. Plans will be made to save government companies who are in financial crisis. Their vacant land will be sold.

The government will sell shares of NDMC, NBCC, Coal India, Hoodco, Irkan, Pawan Hans, Hindustan News Print, Scooter India, BEML.

In addition, a decision has been taken to sell steel plant of Ferro Scape Corporation and 3 plants of Steel Authority of India. Consent has also been agreed to raise Rs 3000 crore by selling assets of PSU companies.

Efforts will be made to sell 33 such properties other than the pipeline of telecom companies, towers of gas companies. Some of BSNL's towers and oil companies' pipelines may be assigned to private companies.

This year, the target of disinvestment is one lakh crore.