New Coherent Public Sector Enterprise Policy For A New, Self-Reliant India To Be Announced Soon: FM

Union Finance Minister Nirmala Sitharaman on Sunday (17 May) held her fifth press conference to announce the last tranche of economic stimulus package and reforms under the Atmanirbhar Bharat Abhiyan (Self-reliant India campaign).

Starting the press conference she announced that the focus will be on MNREGA, healthcare, education, ease of doing business, PSU related policies, state govt’s and related resources.

She stated that a new Aatmanirbhar Bharat will stand on a new Public Sector Enterprise Policy.

She added that in pursuant to this dream , there is a need for more coherent policy where all sectors are open to private sector while the public sector enterprises (PSEs) will play an important role in defined areas.

Further, in strategic sectors, only 1-4 PSEs will remain, others to be merged/ brought together for minimising administrative costs. Additionally, private sector will be allowed in strategic sectors.