News Details

( 14 May 2019)
Govt helps CPSEs quit loss-making ventures and firms

Government is planning to initiate a restricting exercise to make sure that CPSEs are not burdened with unrelated ventures or loss-making firms.

As per the report, government has mentioned that the CPSEs can exit such investments if they do not fall in line with their investment portfolio.

The report further says that the government may not be a part of the proceedings but has taken this step to help CPSEs balance their portfolios. CPSEs can use these for investment in new ventures rather than getting stuck with historical investments.