The Economics Times:
Govt may trim PSU ownership below 51% as it plans to sell
Terming privatisation as top priority, govt plans to breach the minimum 51% ownership level in select entities.
Sep 26, 2019, 07.42 PM IST
MUMBAI: Terming privatisation as the top-most priority, a senior finance ministry official Thursday said the government will sell “whatever is saleable”, and is also planning to breach the minimum 51 percent ownership level in select entities.
Getting down the government stake below 51 percent will require amendments in the laws and will also ensure that these companies move beyond the remit of oversight agencies like the Central Vigilance Commission and the Comptroller & Auditor G ..