NITI Aayog submits first list of about 12 PSUs for privatisation

Banks, insurers part of the list as process kicks off

The government has kicked off its privatisation drive, with the NITI Aayog, a body headed by the prime minister, submitting its first list of about 12 public sector undertakings (PSUs) to be privatised.

The organisation has submitted the list comprising PSUs in strategic sectors, which will be considered by the Department of Investment and Public Asset Management (DIPAM), and the Core Group of Secretaries on Divestment (CGD), headed by the cabinet secretary, said a top government official.

The list includes public sector banks and insurance companies, he added.

In her Budget Speech, Finance Minister Nirmala Sitharaman had announced privatising two public sector banks