TaxTMI 
TaxTMI 
Privatisation of Companies
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....rivatisation of Companies <br>News and Press Release<br>Dated:- 16-3-2020<br><BR>The Government has given 'in-principle' approval for Privatisation of 24 CPSEs including Subsidiaries, Units and Joint ....
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....Ventures with sale of majority stake and transfer of management control. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a questi....
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....on in Lok Sabha today. The Government follows a policy of strategic disinvestment of CPSEs, which are not in 'priority sectors'. For this purpose, NITI Aayog has been mandated to identify such CPSEs ....
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....based on the criteria of (i) National Security; (ii) Sovereign function at arm's length, and (iii) Market Imperfections and Public Purpose. Strategic disinvestment of CPSEs is being guided by the bas....
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....ic economic principle that Government should discontinue in sectors, where competitive markets have come of age and economic potential of such entities may be better discovered in the hands of strateg....
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....ic investor due to various factors such as infusion of capital, technological upgradation and efficient management practices; and would thus add to the GDP of the country.<BR> News - Press release - P....
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....IB....