Section

On PSUs, GoI has taken the right call

By Economic Times - 10 months ago
Finance Secretary TV Somanathan signaled a shift, stating the government no longer sees disinvestment solely for budget balancing. This reflects confidence in revenue buoyancy and better expense control. The public sector's revival, attracting shareholders with valuations and dividends, has tempered the urgency for disinvestment. A broader approach, evaluating PSU asset value, earning potential, and capacity buildup, has replaced a rigid disinvestment calendar. Delinking divestment from fiscal goals lets the government assess PSUs' economic value and choose optimal stake sale timings.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.