[Jan] Strategic Disinvestment Flashcards
1
Q
What is it?
A
Strategic disinvestment is the transfer of the ownership and control of a public sector entity to some other entity (mostly to a private sector entity).
2
Q
Current attempt to strategic disinvestment?
A
government have plans to raise ₹2.1 lakh crore through disinvestment in 2020-21, with just about ₹14,000 crore raised so far through minority stake sales.
In December 2020, the government had invited expressions of interest from bidders for its 51% stake in mini-Ratna PSU Pawan Hans, with January 19, 2021, as the deadline.
