Is DRDO going to be Privatised?

India’s premier defence research agency, DRDO, is opening its doors to private players by adopting the GOCO (Government-Owned Company Operated) model—where private industries will operate government-assets, sparing them of the need to invest in land, machinery or other support systems.

Which insurance company will Privatise?

The proposal to privatise United India Insurance is yet to get the nod of the group of ministers on disinvestment headed by Finance Minister Nirmala Sitharaman.

What PSUs will be Privatised?

Four more PSUs BPCL, SCI, BEML, NINL will be privatised by Q4 along with LIC IPO: DIPAM Secy. Indian government expects to list state-owned Life Insurance Corp by the end of the current fiscal. DIPAM secretary Tuhin Kanta Pandey said, “We intend to do privatisation of BPCL, BEML, SCI, Neelanchal Ispat this year.

What does Modi’s privatisation plan mean for the private sector?

The Modi government seeks to control a few critical sectors like coal, banking, transportation and infrastructure. Other industries would be free for the private sector. Many may argue that the list could be shorter. Others could quibble about the mode of privatisation.

How many PSUs are being sold under Modi’s disinvestment plan?

Earlier, the Union Cabinet had cleared the sale of 23 PSUs. On 17 May, the Modi government had announced a disinvestment plan as part of the Atmanirbhar Bharat package, saying it would keep a maximum of 4 PSUs in strategic sectors of the economy. This plan is unlike previous attempts to disinvest.

Should the government out of the business of business drive private sector?

With the government out of the business of business and no PSU in an industry, the private sector can be more confident of not being driven out by a competitor that has no constraints on the access to capital. This principle may contribute to increased investment from the private sector.