Government to increase PSUs’ income, create employment through disinvestment process: Bhagwat K Karad
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Minister of State for Finance Bhagwat K Karad has said the government plans to increase public sector undertakings' (PSUs) income and create employment through the disinvestment process. He said public sector companies provide employment to 14 lakh (1.4 million) people in the country.
He said disinvestment doesn't mean that the companies are making losses, but the government has different plans to increase their income and to increase jobs. He said the government has decided to garner around Rs 6 lakh crore by way of monetisation.
Last month, Finance Minister Nirmala Sitharaman had announced a Rs 6-lakh crore National Monetisation Pipeline (NMP) to unlock value in infrastructure assets across sectors ranging from power to road and railways. The plan, designed by the NITI Aayog, intends to sell off/lease public sector assets worth Rs 6 lakh crore to private companies in four financial years between 2021-22 and 2024-25.
