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Bold Privatisation Bet
In spite of criticism and Opposition jibes, the Centre commits itself to selling most PSUs; sets ambitious disinvestment target for FY22
Illustration by Raj Verma
Finance Minister Nirmala Sitharaman reiterated the Centre s commitment to privatise most government-owned firms barring a few in four strategic sectors, in her Budget speech.
She also announced a comprehensive asset monetisation plan by creating a National Monetisation Pipeline, under which assets such as road projects, railway freight corridors, gas and oil pilpelines etc would be put up for sale or leased to private players.
The finance minister also announced plans to privatise two public sector banks and one general insurance company in 2021/22. PSUs, including Air India, BPCL, CONCOR and Shipping Corporation of India, are already up for privatisation.