Q. In context of the Policy of Strategic Disinvestment announced by the Ministry of Finance, which of the following are considered as strategic sectors?
Select the correct answer using the codes given below:
Q. In context of the Policy of Strategic Disinvestment announced by the Ministry of Finance, which of the following are considered as strategic sectors?
Select the correct answer using the codes given below:
The correct option is C 1, 3 and 4 only
Explanation:
The government aims at making use of disinvestment proceeds to finance various social sector and developmental programs and also to infuse private capital, technology, and best management practices in the Central Government Public Sector Enterprises. Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in the Parliament, announced that the government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.
Twofold classification of sectors to be disinvested:
a. Strategic Sector: Bare minimum presence of the public sector enterprises and remaining to be privatised or merged or subsidiarised with other CPSEs or closed.
Following 4 sectors to come under it:
- Atomic energy, Space and Defence
- Transport and Telecommunications
- Power, Petroleum, Coal, and other minerals
- Banking, Insurance, and financial services
b. Non- Strategic Sector: In this sector, CPSEs will be privatised, otherwise shall be closed.
Thus, option C is correct.
Explanation:
The government aims at making use of disinvestment proceeds to finance various social sector and developmental programs and also to infuse private capital, technology, and best management practices in the Central Government Public Sector Enterprises. Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget FY 2021-22 in the Parliament, announced that the government has approved a policy of strategic disinvestment of public sector enterprises that will provide a clear roadmap for disinvestment in all non-strategic and strategic sectors.
Twofold classification of sectors to be disinvested:
a. Strategic Sector: Bare minimum presence of the public sector enterprises and remaining to be privatised or merged or subsidiarised with other CPSEs or closed.
Following 4 sectors to come under it:
- Atomic energy, Space and Defence
- Transport and Telecommunications
- Power, Petroleum, Coal, and other minerals
- Banking, Insurance, and financial services
b. Non- Strategic Sector: In this sector, CPSEs will be privatised, otherwise shall be closed.
Thus, option C is correct.
