• Punjab Chief Minister Capt Amarinder Singh has set the ball rolling for disinvesting government stake in three loss-making public sector undertakings — Punjab Communications Limited (PUNCOM), Punjab State Industrial Development Corporation (PSIDC) and Punjab Financial Corporation (PFC).
• This is the first attempt to sell stake in PSIDC and PFC, though several attempts to sell stake in PUNCOM have been made by both the previous government of Capt Amarinder Singh and the Akali-BJP government. Initially, the proposal was only to wind up the two corporations. However, the Punjab Governance Reforms and Ethics Commission headed by KR Lakhanpal had recommended disinvestment in these three entities.

Benefits:
Disinvestment would help in raising funds for capital expenditure and infrastructure development, funding social welfare schemes and improving the performance of public sector undertakings