NEW PSE POLICY ANNOUNCED BY FINANCE MINISTER
In the last tranche of the economic relief package, India’s FM has opened up all sectors to private players. A new public sector enterprises (PSE) policy will list strategic and non-strategic sectors. Strategic sectors will have at least 1 PSE, although the maximum number of PSEs has been capped to 4.
This move will lead to consolidation or privatisation of existing PSEs and paves the way for participation of private players in key sectors like atomic energy, mining, defence and railways.