New body to look into matters of public sector units

NEW DELHI: The government is considering a proposal to dissolve the Board for Reconstruction of Public Sector Enterprises (BRPSE), heavy industries minister Anant Geete said on Tuesday. “We are in discussions to create a new entity for sick PSUs,” he said on the sidelines of a Confederation of Indian Industry (CII) function. According to a government official, a cabinet proposal to shut down the BRPSE, which prepares revamp plans for sick public sector enterprises, may be soon moved . The move to wind up BRPSE is expected to clear way for the government to pursue option of stake sale in most of the sick 65 central public sector companies (CPSE).