With reference to the privatisation of companies consider following statements The Government follow...........

Economic Affairs Public Sector Enterprises

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With reference to the privatisation of companies, consider following statements

The Government follows a policy of strategic disinvestment of CPSEs, which are not in ‘priority sectors’.
For this purpose, NITI Aayog has been mandated to identify such CPSEs based on the criteria of (i) National Security; (ii) Sovereign function at arm’s length, and (iii) Market Imperfections and Public Purpose.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

Minister for Finance & Corporate Affairs informed Lok Sabha about privatisation of companies. The Government has given ‘in-principle’ approval for Privatisation of 24 CPSEs including Subsidiaries, Units and Joint Ventures with sale of majority stake and transfer of management control. The Government follows a policy of strategic disinvestment of CPSEs, which are not in ‘priority sectors’. For this purpose, NITI Aayog has been mandated to identify such CPSEs based on the criteria of (i) National Security; (ii) Sovereign function at arm’s length, and (iii) Market Imperfections and Public Purpose