For PSUs, disinvestment programme remains a non-starter
According to the Public Enterprises Survey (2012/13), 79 lossmaking PSUs, including bigwigs like Air India and BSNL, are bleeding cash and have survived only on budgetary allocations.
Many PSUs are dependent on government support. According to the Public Enterprises Survey (2012/13), 79 lossmaking PSUs, including bigwigs like Air India and BSNL, are bleeding cash and have survived only on budgetary allocations. And, though the government has been trying to reduce its financial burden by selling its stake in many PSUs, the disinvestment programme has remained a non-starter due to stock market volatility.
Graphic by: Anand Sinha
Research by: Jyotindra Dubey
