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Old wine in new bottle for CPSEs

By IndianMandarins- 26 Nov 2015
476

old-wine-in-new-bottle-for-cpses The government is said to be working out a plan that may see some of the ailing (but not yet sick in terms of their capital assets) central public sector enterprises (CPSEs) go through infusion of public funds, while some others would be put on stake for privatization. At the same time, the enterprises that have eaten up all their capital assets and are guzzling public money, will be liquidated and shut down. Such plans were drawn up several times in the past and shelved as soon as they were made public. All public sector companies have a combined net surplus of Rs two lakh crore at present. To ensure that this fund is put to productive use to revive the slowdown in economic activities, the PMO is reportedly organizing a meeting of public sector officials to figure out the kind of assistance they would need in this respect.    

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