Port Trusts, Railways, Posts out of the purview of new PSE policy

NEW DELHI: Major Port Trusts, the Airports Authority of India, the Indian Railways and Posts along with regulatory bodies and companies engaged in welfare activities are among the classes of public sector entities that are out of the purview of the new PSE policy for 'Aatmanirbhar Bharat'.

The Department of Disinvestment and Asset Management (DIPAM) under the Finance Ministry has circulated a list of such PSEs to all ministries and departments of the Central government under the new PSE policy for Aatmanirbhar Bharat. The Union Cabinet had on January 27 cleared the Public Sector Enterprise (PSE) policy for Aatmanirbhar Bharat.

The scope of the policy is limited to the existing Central public sector enterprises, public sector banks, and public sector insurance companies.

The policy does not apply to certain classes of public sector entities such as not for profit companies or CPSE's providing support to vulnerable groups or having developmental or promotional roles.

The classes of public sector entities outside the scope of the policy are PSEs in the nature of developmental and regulatory bodies, development financing institutions, and trusts, some of which have been created through the Acts of Parliament. (IANS)

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