New Delhi: A day after finance minister Nirmala Sitharaman announced the opening of the mining sector and space exploration for private players, the Centre announced a new coherent public sector enterprises policy that will be formulated to define strategic sectors which will have not more than four PSUs. Also Read - Centre Tightens Purse Strings, No New Scheme in This Financial Year, Says Finance Ministry
List of strategic sectors requiring the presence of public sector undertakings (PSUs) in the public interest will be notified, she said while announcing her fifth and final economic stimulus package. Also Read - Final Instalment of Rs 500 to Women Jan Dhan Account Holders From Friday: Finance Ministry
In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed. Also Read - 'Our First Priority Was to Save Lives', Nirmala Sitharaman on Four Rounds of Lockdown
In other sectors, PSUs will be privatised.
“To minimise wasteful administrative costs, the number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised/merged/brought under holding companies,” she said.