<h1>Cabinet Empowers PSE Boards to Disinvest or Close Subsidiaries, Boosting Autonomy and Efficiency in Line with 2021 Policy.</h1> The Union Cabinet, led by the Prime Minister, has approved a proposal empowering the Board of Directors of Holding Public Sector Enterprises (PSEs) to recommend and undertake disinvestment or closure of their subsidiaries, units, or joint venture stakes. This includes strategic disinvestment and minority stake sales, except for certain Maharatna PSEs. The decision aims to enhance autonomy and expedite decision-making, allowing PSEs to monetize investments or close inefficient operations, aligning with the 2021 PSE policy to reduce government presence. The process will follow competitive bidding and guiding principles set by DIPAM and DPE.