New Delhi: The government now continues moving forward on its disinvestment program. Confirming this, while addressing the annual meeting of the Confederation of Indian Industries-CII, Finance Minister Nirmala Sitharaman has talked about making government companies private.
Every necessary step will be taken for economic growth
Along with this, in this meeting, Finance Minister Nirmala Sitharaman has assured the industrialists of the country that the government will take all necessary steps to accelerate economic growth.
Addressing the annual meeting of CII on Thursday, Finance Minister Nirmala Sitharaman said, “Even during the Corona period, the Modi government has continued the reform programs. To move the economy forward, we did what we thought was right and in this sequence, many laws have also been changed. Agricultural laws came, factory, labor, arbitration, insolvency laws were amended. The retrospective tax was abolished. Apart from this, he also talked about the privatization of government general insurance companies and other government companies.
What did privatization say Nirmala Sitharaman?
On the issue of privatization, Finance Minister Nirmala Sitharaman said that now the government wants to promote the private sector. That’s why she has also come up with a policy for Public sector Undertakings (PSUs). Along with this, Nirmala Sitharaman said that the government is committed to its disinvestment program. It is going ahead with the disinvestment of government companies announced in the budget.
Which government companies will be private
Along with this, Nirmala Sitharaman said, the government is firm about its disinvestment program and she also openly named the companies to be made private while addressing the meeting. He clearly said, “There will be disinvestment of Air India, Bharat Petroleum, and Concor. I say all these will be disinvested. And will insist that all these should be disinvested this year. “
Air India – Bharat Petroleum will be privatized this year
It is worth noting that while addressing the CII meeting on Wednesday, DIPAM Secretary Tuhin Kant Pandey had also clearly said that Air India, Bharat Petroleum (BPCL) are to be privatized this year. Whereas Shipping Corporation of India (SCI), Bharat Earth Movers Private Ltd. (BEML), Pawan Hans, and Neelachal Ispat Nigam Ltd are interested in the privatization of several big bidders.
Let us tell you that in this year’s budget, the Modi government has decided to 1 from disinvestment. A big target of raising Rs 75 lakh crore has been set. This mainly involves selling stakes in 2 public sector banks and LIC. At the same time, the Modi government is continuously moving forward regarding LIC’s IPO.
