Govt offers sops to sell PSUs in the red

 The policy on financial incentives, which has been given the green signal by the core group of secretaries on disinvestment (CGD), is intended to kickstart the sale of loss-making units and stem criticism that the Government is only selling profitable companies.

 The incentives could include loan waivers, government guarantees on liabilities and a moratorium on repaying loans.

 Senior disinvestment ministry officials said the core group gave the go-ahead for the package on Friday and that the package would now be taken to the Cabinet. "A formal announcement would be made after the Cabinet Committee on Disinvestment approved it,