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FM announces Public Sector Enterprise Policy

18-05-2020

New Delhi (UNI)

In the fifth and final tranche of announcements as part of the Prime Minister Narendra Modi's Rs 20 lakh crore package to help realise the vision of 'Aatmanirbhar Bharat', the Centre on Sunday announced a new Public Sector Enterprise Policy, additional allocation for MGNREGA and increasing investment on health and major changes in company law and insolvency laws.

Addressing a press conference here along with MoS Finance Anurag Thakur, to announce the fifth and final tranche of announcements as part of the Prime Minister Narendra Modi's Rs 20 lakh crore package to help realise the vision of 'Aatmanirbhar Bharat', Union Finance Minister Nirmala Sitharaman detailed seven measures for providing employment, support to businesses.

Ease of Doing Business, and State Governments as well as sectors such as Education and Health. She said the Government will now allocate an additional Rs 40,000 crore under MGNREGS. It will help generate nearly 300 crore person days in total addressing need for more work including returning migrant workers in Monsoon season as well. Creation of larger number of durable and livelihood assets including water conservation assets will boost the rural economy through higher production.

Ms Sitharaman also announced about Public Sector Enterprise Policy for a New, Self-reliant India. The Government will announce a new policy whereby - list of strategic sectors requiring presence of PSEs in public interest will be notified. In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed. In other sectors, PSEs will be privatized (timing to be based on feasibility etc.)

To minimise wasteful administrative costs, number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised/ merged/ brought under holding companies. Ms Sitharaman said Public Expenditure on Health will be increased by investing in grass root health institutions and ramping up Health and Wellness Centres in rural and urban areas.

Setting up of Infectious Diseases Hospital Blocks in all districts and strengthening of lab network and surveillance by Integrated Public Health Labs in all districts & block level Labs & Public Health Unit to manage pandemics. Further, National Institutional Platform for One health by ICMR will encourage research. And implementation of National Digital Health Blueprint under the National Digital Health Mission. She said PM eVIDYA, a programme for multi-mode access to digital/online education to be launched immediately. 

 

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