GO Ms No.14
dt. 07.06.2004 Public Enterprises Department – Sanction of Rs. 27,62,715/- towards expenditure for Training Programmes to the VRS availed employees under Social Safety Net Programme during the first quarter ( from April, 2004 to June, 2004) during the year 2004-05 – orders – Issued
GO Ms No.13
dt. 01.06.2004 Chittoor District Co-operative Milk Producers Union Ltd., Chittoor (CDCMPU Ltd.) – Sanction of an amount of Rs.1,18,38,623/- as an interest bearing Loan @ 15% P.A. to CDCMPU Ltd. towards payment of VRS benefits to its (16) employees – Orders – Issued
GO Ms No.12
dt. 31.03.2004 Public Enterprises – Implementation of VRS to the employees of Chittoor District Coop. Milk Producers Union Ltd., Chittoor – Cancellation – Orders – Issued
GO Ms No.11
dt. 31.03.2004 Public Enterprises Department – Implementation of VRS to the employees of Chittoor District Co-operative Milk Producers Union Ltd., Chittoor (CDCMPU Ltd.) – Orders – Issued
GO Ms No.10
dt. 18.03.2004 A.P.State Irrigation Development Corporation – Sanction of an amount of Rs.11,07,803/- as an interest bearing loan @ 15% p.a. to A.P.State Irrigation Development Corporation towards payment of VRS benefits to 3 employees (2nd phase left over cases) of APSIDC Ltd., -orders-Issued
GO Ms No. 9
dt. 18.03.2004 A.P.State Irrigation Development Corporation – Sanction of an amount of Rs. 93,89,048/- as an interest bearing loan @ 15% p.a. to A.P.State Irrigation Development Corporation towards payment of VRS benefits to 24 surplus employees of APSIDC Ltd., -orders-Issued
GO Ms No. 8
dt. 15.03.2004 APSAIDC Ltd. – Sanction of Rs. 2,32,636/- as an interest bearing loan to APSAIDC towards differential VRS amount consequent on enhancement of D.A. w.e.f. 1.1.2003 to the 46 employees of VRS (4th phase) -Orders -Issued
GO Ms No. 7
dt. 15.03.2004 SERIFED – sanction of an amount of Rs. 28,96,571/- as an interest bearing loan @ 15% per annum to the Federation of Sericulturists & Silk Weavers’ Coop. Societies Ltd., (SERIFED) towards payment of Voluntary Retirement Scheme (VRS) benefits to (14) employees of Federation of Sericulturists & Silk Weavers’ Coop. Societies Ltd., -Orders -Issued
GO Ms No. 4
dt. 20.02.2004 RESCO – sanction of an amount of Rs. 27,61,699/- as an interest bearing loan @ 15% per annum to the Chipurupalli Rural Electric Coop. Society Ltd., Vizayanagaram towards payment of Voluntary Retirement Scheme (VRS) benefits to (06)employees of Chipurupalli Rural Electric Coop. Society Ltd., Vizayanagaram – Orders – Issued
GO Ms No. 3
dt. 03.02.2004 A.P.State Irrigation Development Corporation – Sanction of an amount of Rs.4,75.38,421/- as an interest bearing loan @ 15% p.a. to A.P.State Irrigation Development Corporation towards payment of VRS benefits 134 employees of APSIDC Ltd., – orders – Issued
GO Ms No. 2
dt. 30.01.2004 A.P. SPINFED – Sanction of an amount of Rs.1,18,894/- as an interest bearing Loan @ 15% P.A. to Nellore Co-operative Spinning Mills Limited, Nellore – Sri. B. Koteswara Rao, Office Manager of Nellore Co-operative Spinning Mills Limited towards payment of VRS difference amount – Orders – Issued
GO Ms No. 1 dt. 20.01.2004 A.P. State Irrigation Development Corporation – Sanction of an amount of Rs.5.84 Crores as an interest bearing loan @ 15% p.a. to A.P.State Irrigation Development Corporation towards payment of retrenchment compensation to 254 surplus employees under Staff Regulations / I.D. Act and meeting the amount from the Budget Provided under Externally Aided project- orders-issued
Government order 2003-II
GO Ms No. 74 dt. 29.12.2003 Nizam Sugars Limited – Sanction of an amount of Rs.94,13,656/- as an interest bearing Loan @ 15% P.A. to Latchayyapet Sugar Unit employees of Nizam Sugars Limited, Latchayyapet towards payment of VRS claims to 85 employees – Orders – Issued
GO Ms No. 73 dt. 24.12.2003 GIRIJAN COOPERATIVE CORPORATION LIMITED – Sanction of Rs. 63,59,107/- as an interest bearing loan @ 15% p.a. to Girijana Cooperative Corporation Limited towards settlement of V.R.S. benefits to its (20) employees – Orders – Issued
GO Ms No. 72 dt. 17.12.2003 Public Enterprises Department – PSUs – Privatisation of The Palair Cooperative Sugars Ltd – Communication of value of Immovable Assets for execution of Sale Deeds in favour of Purchaser, Madhucon Sugars Ltd – Orders – Issued
GO Ms No. 71 dt. 11.11.2003 RESCO – sanction of an amount of Rs. 2,75,87,681/- as an interest bearing loan @ 15% per annum to the Anakapalli Rural Electric Coop. Society Ltd., Kasimkota towards payment of Voluntary Retirement Scheme (VRS) benefits to (39)employees of Anakapalli Rural Electric Coop. Society Ltd., Kasimkota -Orders -Issued
GO Ms No. 70 dt. 29.10.2003 PUBLIC ENTERPRISES – Scheme of Compassionate appointments to the dependants of deceased employees in the State Level Public Enterprises – Dispensing with the Scheme and Enhancement of Quantum of Ex-gratia – Exempting the A.P.,Transco/A.P.Genco/Discoms from the purview of the G.O.Ms.No.36,P.E.[III]Department dated 5-9-2001 – Orders – Issued
GO Ms No. 68 dt. 29.10.2003 Spinning Mills Ltd. – sanction of an amount of Rs. 2,98,077/- as an interest bearing loan @ 15% per annum to the Karimnagar Coop. Spinning Mill, Anthergaon towards payment of Differential amount of Voluntary Retirement Scheme (VRS) benefits to (8)employees of Watch and Ward Staff -Orders -Issued
GO Ms No. 67 dt. 28.10.2003 APSAIDC Ltd. -Sri B. Chakrapani, Regional Manager (AC) & Sri K. Krishnam Raju, Regional Manager of A.P State Agro Industries Dev. Corpn.,-Implementation of VRS-sanction of an amount of Rs. 4,89,123/-towards exgratia – Orders – Issued
GO Ms No. 65 dt. 16.10.2003 Nandyal Co-operative Sugars Limited, Nandyal – Sanction of an amount of Rs.71,553/- as an interest bearing loan @ 15% p.a. to Nandyal Co-operative Sugars Limited, Nandyal towards payment of VRS benefits to its one deceased employee – Orders – Issued
GO Ms No. 64 dt. 16.10.2003 Nizam Sugars Limited – Sanction of an amount of Rs. 3,98,707/- as an interest bearing Loan @ 15% P.A. to Nizam Sugars Limited, of Madhunagar Unit towards payment of VRS differencial claim to its 13 employees – Orders – Issued
GO Ms No. 63 dt. 16.10.2003 A.P. State Irrigation Development Corporation – Sanction of an amount of Rs.25,27,774/- as an interest bearing loan @ 15% p.a. to A.P.State Irrigation Development Corporation towards payment of VRS benefits (5th phase) to 6 employees of APSIDC Ltd., – orders -Issued
GO Ms No. 62 dt. 16.10.2003 APSAIDC Ltd. – Difference in Gratuity payable to123 employees already relieved on VRS (1st phase) – Sanction of an amount of Rs. 6,96,603/-as interest bearing loan @ 15%p.a. towards payment of difference in Gratuity – Orders – Issued
GO Ms No. 59 dt. 15.09.2003 PE – PSUS – Privatization of Nandyal Cooperative Sugars Limited, Nandyal, Kurnool District, Andhra Pradesh – Value of Immovable Property fixed at Rs. 352.35 lakhs for the purpose of registration of sale deed to be executed in favour of Sree Rayalseema Sugar & Energy Limited – Orders – issued
GO Ms No. 58 dt. 12.09.2003 Public Enterprises – Chittoor District Cooperative Milk Producers Union Ltd. – Implementation of Voluntary Retirement Scheme – Sanctioned of an amount of Rs. 63,342/- as an interest bearing Loan @ 15% P.A. to Chittoor District Co-operative Milk Producers Union Ltd., (CDCMPU Ltd.) Chittoor towards payment of difference of VRS to 5 employees of CDCMPU Ltd., – Amendment – Orders – Issued.
GO Ms No. 57 dt. 12.09.2003 Public Enterprises – Chittoor District Cooperative Milk Producers Union Ltd. – Implementation of Voluntary Retirement Scheme – Sanction of an amount of Rs. 28,52,473/- as an interest bearing Loan @ 15% P.A. to Chittoor District Co-operative Milk Producers Union Ltd., (CDCMPU Ltd.) Chittoor towards payment of deference of VRS to 422 employees of CDCMPU Ltd., – Orders – Issued
GO Ms No. 56 dt. 11.09.2003 Spinning Mills – Chirala Coop. spg. Mills Ltd., Chirala -Sanction of an amount of Rs.89,564/- as an interest bearing loan @ 15% per annum to the Chirala Coop. Spg. Mills Ltd., Chirala towards payment of differential amount of (VRS) benefits to its (2) employees – Orders – Issued
GO Ms No. 55 dt. 11.09.2003 Nandyal Co-operative Spinning Mills Limited, Nandyal – Sanction of an amount of Rs.11,22,892/- as an interest bearing loan @ 15% p.a. to Nandyal Co-operative Spinning Mills Limited, Nandyal towards payment of VRS benefits to its 29 employees – Orders – Issued.
GO Ms No. 53 dt. 06.09.2003 A.P.State Irrigation Development Corporation – Sanction of an amount of Rs.3,53,016/- as an interest bearing loan @ 15% p.a. to A.P.State Irrigation Development Corporation towards reimbursement of VRS amount paid to 3 employees of the Corporation (left over cases of 2nd & 3rd phase VRS) – Orders -Issued
GO Ms No. 52 dt. 30.08.2003 Nizam Sugars Limited – Sanction of an amount of Rs.30,32,982/- as an interest bearing Loan @ 15% P.A. to Latchayyapet Sugar Unit employees of Nizam Sugars Limited, Latchayyapet towards payment of VRS claims to 36 employees – Orders – Issued.
GO Ms No. 51 dt. 30.08.2003 A.P State Irrigation Development Corporation – Sanction of an amount of Rs.4.09,458/- as an interest bearing loan @ 15% p.a. to A.P State Irrigation Development Corporation towards payment of VRS benefits (3rd phase left over cases) to 2 employees of APSIDC Ltd., -orders-Issued
GO Ms No. 50 dt. 25.08.2003 Public Enterprises – Chittoor District Cooperative Milk Producers Union Ltd. – Implementation of Voluntary Retirement Scheme – Sanction of an amount of Rs. 63,342/- as an interest bearing Loan @ 15% P.A. to Chittoor District Co-operative Milk Producers Union Ltd., (CDCMPU Ltd.) Chittoor towards payment of difference of VRS to 5 employees of CDCMPU Ltd., – Orders – Issued.
GO Ms No. 49 dt. 16.08.2003 PE – PSUs – Privatisation of Madhunagar Sugar Mill – Value of Immovable Assets for execution of Sale Deeds in favour of Purchaser, Trident Sugars Ltd., – Orders – Issued
GO Ms No. 48
dt. 06.08.2003 AP OILFED -Sanction of an amount of Rs. 93,41,010/- as an interest bearing loan @ 15% per annum to Sri Krishnadevaraya Cooperative Oilseeds Growers Union Ltd., Piler towards payment of Voluntary Retirement Scheme (VRS) benefits to its (59) employees – Orders – Issued
GO Ms No. 47
dt. 06.08.2003 AP OILFED -Sanction of an amount of Rs. 1,47,92,515/- as an interest bearing loan @ 15% per annum to Sri Vijayavardhani Cooperative Oilseeds Growers Union Ltd., Gadwal towards payment of Voluntary Retirement Scheme (VRS) benefits to its (83) employees -Orders -Issued
GO Ms No. 46
dt. 06.08.2003 AP OILFED -Sanction of an amount of Rs. 57,83,916/- as an interest bearing loan @ 15% per annum to A.P. Cooperative Oi1seeds Growers Federation Ltd., (AP OILFED), Hyderabad towards payment of Voluntary Retirement Scheme (VRS) benefits to its (22) employees -Orders -Issued
GO Ms No. 45
dt. 04.08.2003 AP SPINFED – Sanction of an amount of Rs. 98,474/- as an interest bearing Loan @ 15% P.A. to Nellore Co-operative Spinning Mills Limited, Nellore – employees of Nellore Co-operative Spinning Mills Limited towards payment of VRS difference amount claim of (2) employees – Orders – Issued
GO Ms No. 44
dt. 25.07.2003 Karimnagar Cooperative Spinning Mills Ltd., Anthergaon – Sanction of an amount of Rs. 6,44,349/- as an interest bearing loan @ 15% per annum to the Karimnagar Cooperative Spinning Mills Ltd., Anthergaon towards payment of Voluntary Retirement Scheme (VRS) benefits to its (14) employees -Orders -Issued
GO Ms No. 43
dt. 16.07.2003 A.P. State Federation of Cooperative Spinning Mills Ltd. (SPINFED) – sanction of an amount of Rs. 1,69,277/- as an interest bearing loan @ 15% per annum to the Spinfed towards payment of Voluntary Retirement Scheme (VRS) benefits to (3) Common Cadre Employees and (One) differential amount of VRS claims -Orders -Issued
GO Ms No. 42
dt. 05.07.2003 Nizam Sugars Limited – Sanction of an amount of Rs. 1,22,81,916/- as an interest bearing loan @ 15% per annum to the Head Office and Medak Unit of Nizam Sugars Limited, towards payment of VRS claims to 112 employees (1 employee of Head Office and 111 employees of Medak Unit) – Orders – Issued
GO Ms No. 41
dt. 04.07.2003 Nizam Sugars Limited – Sanction of an amount of Rs. 64,66,866/- as an interest bearing loan @ 15% per annum to Nizam Sugars Limited, Madhunagar Unit, Zaheerabad towards payment of VRS claims to 41 employees – Orders – Issued
GO Ms No. 40
dt. 01.07.2003 APSAIDC Ltd. – Sanction of Rs.1,14,31,899/- as as interest bearing loan to APSAIDC towards payment of VRS benefits to its 46 emloyees – Orders – Issued
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Government Order 2002- II
GO Ms No. 26
dt. 16.07.2002 Nizam Sugars Limited – Sanction of an amount of Rs. 88,73,360/- as an interest bearing loan @ 15% per annum to Nizam Sugars Limited, Hyderabad towards payment of VRS differential amount of Ex-gratia to 500 employees – Orders – Issued
GO Ms No. 30
dt. 25.07.2002 Spinning Mills – Chilakaluripeta Cotton Growers Cooperative Spinning Mills, Chilakaluripeta – Sanction of an amount of Rs. 1,71,08,125/- as an interest bearing loan @ 15% per annum to Chilakaluripeta Cotton Growers Cooperative Spinning Mills towards payment of VRS benefits to its 537 employees – Orders – Issued
GO Ms No. 31
dt. 09.08.2002 Sugar Mills – Sri Hanuman Cooperative Sugars Limited, Hanuman Junction, Krishna District – Sanction of an amount of Rs. 1,35,19,262/- as an interest bearing loan @ 15% per annum towards payment of VRS benefits to its 87 employees – Amendment to GO – Orders – Issued
GO Ms No. 32
dt. 13.08.2002 Sugar Mills – Nandyal Cooperative Sugars Limited, Nandyal, Kurnool District – Sanction of an amount of Rs. 1,74,52,659/- as an interest bearing loan @ 15% per annum towards payment of VRS benefits to its 178 employees – Amendment to GO – Orders – Issued
GO Ms No. 33
dt. 13.08.2002 Sugar Mills – Nagarjuna Cooperative Sugars Limited, Gurajala, Guntur District – Sanction of an amount of Rs. 94,78,763/- as an interest bearing loan @ 15% per annum towards payment of VRS benefits to its 229 employees – Amendment to GO – Orders – Issued
GO Ms No. 38
dt. 04.10.2002 Voluntary Retirement Scheme (VRS) to the employees of PSUs / Cooperative Institutions and other State Undertakings – Consolidated Guidelines – Amendment – Issued
GO Ms No. 44
dt. 20.11.2002 P.E. – PSUs – Privatisation of Chagallu Distillery – Communication of value of Immovable Assets for execution of Sale Deeds in favour of Purchaser, The Jeypore Sugar Company Ltd
GO Ms No. 45
dt. 20.11.2002 P.E. – PSUs – Privatisation by way of sale of assets of Adilabad Cotton Growers Cooperative Spinning Mills Limited, Adilabad – Value of immovable property for the purpose of registration of sale deed to be executed in favour of the purchaser of the assets, Sree Astalaxmi Spinning Mills (Private) Limited – Orders – Issued
GO Ms No. 46
dt. 28.11.2002 AP. Spinfed – Sanction of an amount of Rs. 2,0l,737/- as an interest bearing loan at 15% per annum to the Spinfed towards payment of V.R.S. benefits to Sri G. Nageswara Rao, Accountant, Spinfed – Orders – Issued
GO Ms No. 47
dt. 28.11.2002 AP STATE FEDERATION OF COOPERATIVE SPINNING MILLS LIMITED (SPINFED) – Sanction of an amount of Rs. 4,77,666/- as an interest bearing loan @ 15% per annum to the Spinfed towards payment of Voluntary Retirement Scheme (VRS) benefits to (6) common cadre employees – Orders – Issued
GO Ms No. 48
dt. 28.11.2002 Karimnagar Cooperative Spinning Mills Limited, Anthergaon – Sanction of Rs. 2,31,000/- as an interest bearing loan @ 15% per annum to Karimnagar Cooperative Spinning Mills Limited, Anthergaon towards payment of ex-gratia to its 11 employees – Orders – Issued
GO Ms No. 49
dt. 23.12.2002 Public Enterprises – Implementation of VRS to the employees of Chittoor District Cooperative Milk Producers Union Limited, Chittoor (CDCMPU Limited) – Orders – Issued
GO Ms No. 50
dt. 31.12.2002 PE – PSUs – Privatisation of Sri Hanuman Cooperative Sugars Limited, Hanuman Junction – Communication of value of immovable assets for execution of sale deeds in favour of purchaser, the Delta Sugars Limited – Orders – Issued
GO Rt No. 100
dt. 18.10.2002 Public Enterprises – PSUs – Nizam Sugars Limited – Re-constitution of committee for the purpose of sale of farm lands of the Nizam Sugars Limited – Orders – Issued
Government Orders 2002 – I
GO Ms No. 2
dt. 03.01.2002 AP State Agro Industries Development Corporation – Sanction of an amount of Rs. 2,20,26,592/- as an interest bearing loan @ 15% per annum to AP State Agro Industries Development Corporation towards payment of VRS (Phase III) benefits to 78 employees of the Corporation – Orders – Issued
GO Ms No. 7
dt. 30.01.2002 Spinning Mills – Chirala Cooperative Spinning Mills, Chirala – An amount of Rs. 5,85,93,802/- sanctioned as an interest bearing loan @ 15% to Chirala Cooperative Spinning Mills, towards payment of VRS benefits to its 468 employees – Amendment Orders – Issued
GO Ms No. 8
dt. 30.01.2002 Spinning Mills – Nellore Cooperative Spinning Mills, Nellore – An amount of Rs. 3,28,058/- sanctioned as an interest bearing loan @ 15% to Nellore Cooperative Spinning Mills, towards payment of VRS benefits to its (6) employees – Orders – Issued
GO Ms No. 9
dt. 31.01.2002 AP State Agro Industries Development Corporation Limited – Implementation of VRS to the employees of teh Corporation – Sanction of an amount of Rs. 47,89,061/- as an interest bearing loan towards payment of supplementary claim consequent on implementation of P.R.C. 1999 to the 63 employees of AP State Agro Industries Development Corporation Limited – Orders – Issued
GO Ms No. 10
dt. 01.03.2002 AP State Cooperative Consumer Federation – (FEDCON) – sanction of an amount of Rs. 2,09,05,220/- as an interest bearing loan @ 15% per annum to FEDCON towards payment of VRS benefits to its 61 employees – Orders – Issued
GO Ms No. 14
dt. 01.05.2002 Public Enterprise Reform – Implementation of VRS to employees in the course of Privatisation of PSUs as a result of which the management passes over to Private Management – Revised orders – Issued
GO Ms No. 15
dt. 04.05.2002 Andhra Pradesh State Irrigation Development Corporation Limited – Employees of defunct APSCC Limited in APSIDC Limited, retired under VRS – Supplemental VRS claim for the service rendered in APSCC Limited – Sanction of an amount of Rs. 1,76,212/- orders – Issued
GO Ms No. 16
dt. 06.05.2002 Andhra Pradesh Textile Development Corporation Limited – Implementation of VRS to the employees of the Corporation – Sanction of an amount of Rs. 42,14,085/- as an interest bearing loan towards payment of VRS benefits to 13 employees of the Corporation – orders – Issued
GO Ms No. 17
dt. 14.05.2002 Andhra Pradesh Meat Development Corporation Limited (APMDC) – Permission to the Collector, Chittoor to resume the Government land in Survey No. 261/1 with an extent of 6.12 acres, Survey No. 262/1 with an extent of 2.42 acres, Survey No. 266/1 with an extent of 13.73 acres for construction of integrated Collector’s Office complex for accommodating the Collector’s Office along with other Government Offices that are functioning in private buildings – Orders – Issued
GO Ms No. 18
dt. 17.05.2002 Andhra Pradesh Textile Development Corporation Limited – Implementation of VRS to the employees of the Corporation – An amount of Rs. 42,14,085/- as an interest bearing loan towards payment of VRS benefits to 13 employees of the Corporation – Amendment orders – Issued
GO Ms No. 19
dt. 04.06.2002 Andhra Pradesh State Agro Industries Development Corporation Limited – Implementation of VRS to Sri. A. Kanakaiah, Engineer APSAIDC Limited – Sanction of an amount of Rs. 4,86,173/- towards payment of VRS – Orders – Issued
Implementation Secretariat
In order to implement the reform policies and decisions effectively Government considered it necessary to strengthen the existing implementation framework by establishing an Implementation Secretariat in the Department of Public Enterprise which is an autonomous body. The Implementation Secretariat planned and recommended the strategy for the Reform Program to the Cabinet Sub-Committee and implemented these when the strategy was approved.
Reference : GO Ms No. 150, dt. 30-4-1998 on formation of Implementaion Secretariat under the Public Enterprises Department.
–
Public Enterprises Department
The Public Enterprises Department was established by the Government of Andhra Pradesh on 19-11-1998 vide Government Order No. 491.
The main features of the Department were as follows:
* The Department consisted of two wings i.e., the Secretariat wing and the Advisory wing both headed by the Principal Secretary to Government.
* The Public Enterprises Department functioned as an independent department like Finance and Law. All Administrative Department take concurrence on all the proposals relating to the Public Enterprises under their jurisdiction from Public Enterprises Department.
* The Public Enterprises Department reviews the functioning of all the Public Sector Enterprises and Cooperative Enterprises periodically in line with the Cabinet Sub Committee / Government’s decisions and suggests measures for improvement and submits reports to Cabinet Sub Committee / Government from time to time.
* The Public Enterprises Department assisted the Cabinet Sub Committee and implements the Cabinet decisions on restructuring of Public Sector Enterprises and Coperative Enterprises under the supervision of Cabinet Sub Committee.
* The Public Enterprises Department is the Administrative Department for all the Public Sector Enterprises and Cooperative Enterprises identified for disinvestment / privatisation / winding up.
* The Public Enterprises Department was the nodal agency with exclusive responsibility for formulation and implemention of PE Reforms.
* The Public Enterprises Department functioned under the control of the Chief Minister.
Benefits
Privatisation is the best way to resuscitate and rebuild weakened State Level Public Enterprises (SLPEs).
Privatisation :
* Stops loss-making SLPEs from adding to government debt;
* Depoliticises SLPEs, remove governmental pressures for over-manning and the sub-optimal use of resources;
* Gives new owners a strong incentive to turn around failing SLPEs into successful businesses;
* Gives new businesses access to investment capital that government cannot provide;
* Raises more money for government through taxing former SLPEs;
* Expands an enterprise and an industry, in the long run creating more jobs and generating wealth for the country.
Public enterprises reform program
The public enterprises reform program was established with the following goals :
- Government to withdraw from sectors operated efficiently by the private sector while retaining its responsibility as a prudent regulator to ensure social equity and fair competition in the new circumstances.
- Rationalize Government’s investments in Public Enterprises and restrict itself to areas in which its intervention is needed.
- Government to be sensitive to hardships caused by privatization and address such issues through a safety net program.
- To ensure that its agencies & Public Sector Undertakings work more efficiently.
Privatisation
Privatisation means transferring the control of an enterprise from the government sector to the private sector. Generally, but not always, this also means transferring ownership of the Public sector enterprise as well as control. It can be accomplished by sale or lease. It can be accomplished by the government selling 100% of an enterprise, or selling 51%, or even by selling a minority stake – so long as the private sector is given full managerial control. Without transferring control to the private sector, the government can rise money by selling a smaller share, but that is not privatisation as such.