Strategic consolidation likely to be the mantra of PSE playbook

NEW DELHI : The Economic Survey said the coronavirus pandemic has “negatively impacted” the government’s ₹2.1 trillion disinvestment target for the current fiscal year.

“Budget 2020-21 had envisaged to mobilize ₹2.1 trillion from disinvestment proceeds during the current fiscal year, of which ₹90,000 crore was envisaged for disinvestment in financial institutions. As on 20 January, the government has been able to raise ₹15,220 crore,” the survey noted.

This comes against the backdrop of a new public sector enterprise policy articulated by finance minister Nirmala Sitharaman on 17 May, the details of which are likely to be announced in the Union budget on Monday. A recharged disinvestment playbook will also articulate the position of the private sector commanding the heights of the economy.