InvestorQ : What is the government plan to monetize the PSU asserts as claimed in the budget?
Arusha Ray made post

What is the government plan to monetize the PSU asserts as claimed in the budget?

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4 months ago
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The good news is that the government has set up an ambitious plan to monetise close to 100 government-owned assets as part of the monetisation plan and these include PSUs and other income generating assets. This was confirmed by the prime minister himself when he spoke about the reforms undertaken in the Union Budget 2021. Monetization has to be aggressive as government plans to invest Rs.250,000 crore to boost growth.

The prime minister confirmed that state-owned companies in 4 strategic sectors will be kept at the bare minimum and privatization will be undertaken in all sectors aggressively outside these strategic names. Like Thatcher, Mr. Modi also underlined that the government has no business to be in business. He pointed out that the government funding loss-making PSUs over a longer period of time was not sustainable. That is the recipe for high growth.

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