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The Centre plans to continue the approach introduced in the last interim budget in February by not setting specific disinvestment targets in the full Budget to be presented this July. Instead, disinvestment will be categorized under capital receipts, as it was earlier this year. "We have already changed the disinvestment strategy by letting go of the target. The budget item of other capital receipts will list both disinvestment and the asset monetisation pipeline under one category," a government official said. The Public Sector Enterprises policy, part of the Aatmanirbhar Bharat initiative announced in 2020, aims to minimize the government’s presence in such undertakings, including financial institutions, and open up new investment opportunities for the private sector. This policy categorizes sectors into strategic and non-strategic categories. Strategic sectors include Atomic Energy, Space and Defence, Transport and Telecommunications, Power, Petroleum, Coal, Banking, Insurance, and financial services. In these sectors, the public sector will maintain only a minimal presence. The remaining CPSEs in these sectors will be privatized, merged, subsumed into other CPSEs, or closed. In non-strategic sectors, CPSEs will either be privatized or shut down. Catch Karishma Asoodani for a detailed report on Disinvestment.
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