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With reference to the disinvestment of public sector enterprises (PSEs), consider the following statements:
1. New PSE policy, 2021 aims to minimise presence of Government PSEs and for functional requirement.
2. Recently the Union Cabinet empowered PSE boards to take a call on selling stakes in joint ventures and subsidiaries, as well as deciding on closure of units.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the disinvestment of public sector enterprises (PSEs...
In a bid to speed up the disinvestment process of public sector enterprises (PSEs), the Cabinet empowered PSE boards to take a call on selling stakes in joint ventures and subsidiaries, as well as deciding on closure of units.
  • The process for undertaking the strategic disinvestment transactions, closures to be followed by the PSEs should be open, based on the principles of competitive bidding and consistent with the guiding principles.
  • The principles for strategic disinvestment would be laid down by the Department of Investment and Public Asset Management while norms for closures would be laid down by the Department of Public Enterprises.
  • In line with the spirit of the new PSE policy, 2021, to minimise presence of Government PSEs and for functional requirement, further delegation had been provided. This would enable firms to close loss-making and inefficient ventures at the right time.
Hence both statements are correct.
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With reference to the disinvestment of public sector enterprises (PSEs), consider the following statements:1. New PSE policy, 2021 aims to minimise presence of Government PSEs and for functional requirement.2. Recently the Union Cabinet empowered PSE boards to take a call on selling stakes in joint ventures and subsidiaries, as well as deciding on closure of units.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the disinvestment of public sector enterprises (PSEs), consider the following statements:1. New PSE policy, 2021 aims to minimise presence of Government PSEs and for functional requirement.2. Recently the Union Cabinet empowered PSE boards to take a call on selling stakes in joint ventures and subsidiaries, as well as deciding on closure of units.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the disinvestment of public sector enterprises (PSEs), consider the following statements:1. New PSE policy, 2021 aims to minimise presence of Government PSEs and for functional requirement.2. Recently the Union Cabinet empowered PSE boards to take a call on selling stakes in joint ventures and subsidiaries, as well as deciding on closure of units.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the disinvestment of public sector enterprises (PSEs), consider the following statements:1. New PSE policy, 2021 aims to minimise presence of Government PSEs and for functional requirement.2. Recently the Union Cabinet empowered PSE boards to take a call on selling stakes in joint ventures and subsidiaries, as well as deciding on closure of units.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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