Niti Aayog analysing sick, loss-making PSUs: Government

NEW DELHI: Government's think tank Niti Aayog is analysing the sick and loss-making public sector undertakings (PSUs) in the country, Parliament was informed today.

According to public enterprises survey of 2014-15, India has 77 loss-making central public sector enterprises (CPSEs), which include Air India, BSNL, MTNL and MRPL, Minister of State for Finance Arjun Ram Meghwal said in a written reply in Lok Sabha.

"An analysis of the sick and loss-making PSEs is underway in the Niti Aayog in consultation with the concerned ministries," he added.

The minister further said the concerned ministry monitors the sickness of the CPSEs and identify the sick/incipient/weal CPSEs functioning under their control based on performance and take redressal measures.

"They formulate revival/restructuring plans for such CPSEs on a case-to-case basis. After obtaining the approval of the competent authority, they implement the plan," he added.

According to sources, the Aayog has already submitted to the Prime Minister's Office two separate lists of sick and loss-making PSUs - one comprising those that can be closed down and the other of those that should be privatised.