Source: the economic times
As per the budgetary announcement made by finance minister Nirmala Sitharaman The bare minimum presence of the public sector enterprises(PSEs) in strategic sectors will be decided by a group of ministers after consulting ministries in each identified sector, Department of Investment and Public Asset Management .
Identification of PSEs will result in a potential pipeline of companies to be disinvested and require Cabinet approval.The government has identified four strategic sectors namely, atomic energy, space and defence; transport and telecommunications; power, petroleum, coal and other minerals; and banking, insurance and financial services where presence of state-run companies will be reduced to a minimum.However, privatisation of companies will depend on timing, sequencing and the response of potential investors. In the case privatisation does not succeed in the non-strategic sectors, Public sector enterprises could be closed, while in case of strategic, consolidation could be considered