NITI Aayog’s proposal for shutting down 17 sick or loss-making government companies has received the go-ahead from Prime Minister’s Office (PMO). Government companies in the hospital services business and the construction consultancy industry are also on the list of PSUs for strategic disinvestment. The Finance Ministry is approaching the Cabinet for its approval separately for each of the strategic sales the PMO has approved. Land assetsMany of the companies being shut down hold vast tracts of land. Free-hold land parcels could either be passed on to the Centre or be auctioned to pubic or private sector bidders.

Source: The Hindu September 20, 2016 20:03 UTC