The forthcoming budget, which is expected to focus on aam aadmi, may also announce some stake sale in PSUs as well as steps that would give a boost to economic reforms. The Finance Minister Pranab Mukherjee seems to have made up his mind on how and when to divest the stake in the government companies. Perhaps some kind of strategy seems to be emerging on disinvestment of government stake in public sector units (PSUs).
Moreover, the process may be kickstarted as early as the Budget after Prime Minister Manmohan Singh told reporters that in the budget, the disinvestment may find some place.
However, a clear political consensus is yet to arrive on disinvestment and the government may have to do a balancing act.
Before the government, few disinvestments are seemingly a strong preference for profit making PSUs to get political accolades but the loss making units will not be shut down.
Besides, NHPC and OIL India IPOs will be the test cases with NHPC IPO expected to hit the market around September.
However, the government will have to play a balancing act at any given time as it tries to go ahead with disinvestment and filling the national investment fund.
Moreover, the process may be kickstarted as early as the Budget after Prime Minister Manmohan Singh told reporters that in the budget, the disinvestment may find some place.
However, a clear political consensus is yet to arrive on disinvestment and the government may have to do a balancing act.
Before the government, few disinvestments are seemingly a strong preference for profit making PSUs to get political accolades but the loss making units will not be shut down.
Besides, NHPC and OIL India IPOs will be the test cases with NHPC IPO expected to hit the market around September.
However, the government will have to play a balancing act at any given time as it tries to go ahead with disinvestment and filling the national investment fund.
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