Disinvestment in India

NITI Aayog submits proposals for divestment- I

  1. Context: The NITI Aayog has submitted two sets of recommendations to the Centre for strategic disinvestment of State-owned companies
  2. First is a list of recommendations on each of the sick and loss-making government-owned companies & there are about 74 such companies
  3. Closure: Suggested for about 25 companies in which revival plans were attempted but had failed
  4. After closure: Their assets, especially land holdings, could be disposed off and employees be offered voluntary retirement
  5. In the remaining cases, either mergers with other public sector units or strategic disinvestment is recommended
  6. In some companies, the Aayog preferred to let revival plans run their course, before taking a call on their future

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