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PSU stake divestment to aid wealth creation

DNMUM390888 | 6/20/2017 | Author : G Chokkalingam | WC :445

TIPPING POINT

It is reported that the government is planning auction route to divest the stake in one of the mid-sized public sector undertakings (PSUs) engaged in the dredging business. Auction route would bring out the true potential in the value of PSUs by promoting healthy competition among the entrepreneurs. It is also for the first time after a couple of decades the government has proposed to go for strategic stake sale in several mid-sized PSUs like BEML, Dredging Corporation, Shipping Corporation of India, etc.
The non-tax revenue of the government is likely to grow at slower pace in the current fiscal due to the fall in revenues from the telecom sector. The Department of Telecom expects its revenue to decline by as much as 38% to Rs
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