Privatization is being done rapidly by the government in the country. After privatizing some companies and banks, it is now proceeding with the process of privatizing two more banks. Government is working in this direction. According to sources, the government may soon take appropriate action in this regard.
In the budget for the financial year 2021-22, a policy of strategic divestment of public sector undertakings was approved, along with the government's desire to privatize two public sector banks. Sources say that the government is fully prepared to privatize the two public sector banks and work is underway in this direction.
Sources also said that the process of disinvestment of Bharat Petroleum Corporation Limited (BPCL) is also underway. A fresh bid will be invited for this also. There was only one bidder left for this, due to which the government had to cancel the sale bid. The government had planned to sell the entire 52.98 percent stake in BPCL.
For BPCL, letters of interest were sought from bidders in March 2020. Three bids were received till November, 2020, but only one bidder remained after two bids were withdrawn. Regarding the strategic sale of Container Corporation of India (Concor), sources said there are some issues and after their resolution, the process of disinvestment will be initiated.
These 2 banks may be privatized
Regarding the strategic sale of Container Corporation of India (Concor), sources said there are some issues and after resolving them, the process of disinvestment will be initiated. According to sources, public sector Central Bank of India (CBI) and Indian Overseas Bank may be privatised.
The decision will be taken in the central cabinet
As part of the disinvestment process, a core group of secretaries headed by the Cabinet Secretary will forward its recommendations to the Alternative Mechanism for its approval. After this, the Union Cabinet under the leadership of Prime Minister Narendra Modi will put the final stamp on it.
Note:
Before adopting any health tips, consult a doctor. Because no one knows better than your doctor what is appropriate or how appropriate for your body
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Before adopting any health tips, consult a doctor. Because no one knows better than your doctor what is appropriate or how appropriate for your body