TIL Desk/Business/New Delhi/ Government departments, such as Railways, Posts, Airports Authority of India, major port trusts, and those that undertake commercial operations with development mandate, will not come under the ambit of the new PSU privatisation policy announced in the Union Budget 2021-22.
Public sector enterprises acting as regulatory authorities, autonomous organisations, trusts, and development financing institutions will also be out the ambit, according to the details of the policy. The policy divides public sector enterprises into strategic and non-strategic ones. The strategic sector includes atomic energy, space and defence, transport and telecommunications, power, petroleum, coal and other minerals, and banking, insurance and financial services.
In strategic sectors, a “bare minimum” presence of the existing public sector commercial enterprises at the holding company level will be retained under government control. The remaining will be considered for privatisation, or merger or ‘subsidiarisation’ with other public sector enterprises, or closure. Public sector enterprises in non-strategic sectors will be considered for privatisation wherever feasible, or else they will be considered for closure.
