Cabinet Committee of Economic Affairs clears public sector enterprises policy: Sources

NEW DELHI: The Cabinet Committee of Economic Affairs has cleared the public sector enterprises (PSE) policy, said sources aware of the development, on Wednesday.

The government had first mooted an overhauled PSE policy in the Aatmanirbhar Bharat Abhiyan mid last year, which aims to keep not more than four central public sector enterprises in strategic sectors and open up all other sectors for privatisation.

After several consultations with ministries, about 18 strategic sectors have been identified for disinvestment purposes including coal, crude oil, power, steel, telecom, atomic energy and defence, sources said.