Current Affairs

Govt Approved Sale of Stakes in 5 CPSEs

Current context: The Cabinet Committee on Economic Affairs (CCEA) has approved the sale of government stake in five Central Public Sector Enterprises (CPSEs).
Govt Approved Sale of Stakes in 5 CPSEs
  • The objective of disinvestment is to:
    • To widen the bandwidth of disinvestment window in select CPSEs
    • Promoting efficient management of Government investment in CPSEs
    • The increasing contribution of the CPSEs towards higher economic growth.
  • · The nod for strategic disinvestment is given in:
    • Bharat Petroleum Corporation Limited (BPCL)
    • Shipping Corporation of India (SCI)
    • Container Corporation of India (CONCOR) 
    • North Eastern Electric Power Corporation Limited (NEEPCO)
    • Tehri Hydro Development Corporation India Limited (THDC)
  • The resources obtained after the disinvestment would be used to finance the social sector and developmental programmes of the government
  • The government will sell its 53.29 per cent stake in BPCL, 63.75 per cent in SCI, 30.8 per cent in CONCOR, 74.23 per cent in THDCIL and 100 per cent in NEEPCO
  • The CCEA also approved reduction of government's stake in select PSUs below 51 %, while retaining the management control.

Question: 

Q: 1. The Cabinet Committee on Economic Affairs (CCEA) has recently approved sale of government stake in five Central Public Sector Enterprises (CPSEs) that includes
a. Bharat Petroleum Corporation Limited (BPCL)
b. Shipping Corporation of India (SCI)
c. Container Corporation of India (CONCOR)
d. Only a and b
e. Only b and c
f. All a, b and c
Govt Approved Sale of Stakes in 5 CPSEs Govt Approved Sale of Stakes in 5 CPSEs Reviewed by Shweta Kashyap on November 22, 2019 Rating: 5

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