Niti Aayog Has Identified Eight PSUs for Closure [ Current Affairs - Policies & Governance ]


Union Government think-tank National Institution for Transforming India (NITI Aayog) has identified 8 PSUs for closure after finding them weak for renewal. For the proposal Prime Minister’s Office (PMO) gives in- principle approval.

  • Out of 74 loss-making public sector units Niti Aayog identified these eight units.
  • Ministry responsible for administration of these PSUs.
  • It will prepare detailed plan for closure of these firms.
  • It includes:

    • Identification of assets to be liquidated
    • Compensation for employees of these firms
  • Niti Aayog was asked by the PMO to identify one sick PSU along with a detailed plan for its sell-off or eventual liquidation before moving on to other such cases.
  • Aayog had submitted two separate lists of sick and loss-making PSUs:

    • One comprising those that can be closed down
    • The other of those where government can divest its stake.
  • Aayog preparing a list of PSUs for strategic sale or privatization

Current Members of NITI Aayog:

Current Members of NITI Aayog

Current Members of NITI Aayog

Showing image of current Members of NITI Aayog

- Published on: August 8, 2016