Niti aayog set to submit divestment, strategic sale blueprint: arvind panagariya
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Finance Minister Arun Jaitley had said in his Budget 2016-17 speech that NITI Aayog will identify PSUs for strategic sale. NITI Aayog will hold regional meetings in the next few days
beginning on April 22 in Jaipur, Arvind Panagariya said. Vice Chairman of NITI Aayog Arvind Panagariya on Wednesday said the apex planning body was set to submit a blueprint for divesting
government's stake in some public sector units (PSUs) and strategic sale of some units which have been sick for a long time. "There are two sets of issues. Decisions are to be made
for sick firms. These are loss-making firms. Whether you close them down or you restructure them or what you want to do. The second set of issue is to do with disinvestment -- strategic
sales. Work is underway, it is slightly in more advanced stages on sick firms than on the firms that are put for strategic sales. We hope to move fast," Panagariya told reporters on the
sidelines of first regional consultation on poverty elimination. Finance Minister Arun Jaitley had said in his Budget 2016-17 speech that NITI Aayog will identify PSUs for strategic sale.
The government aims to collect Rs 56,500 crore through disinvestment in PSUs this fiscal. To a question, Panagariya said the participating states agreed with NITI Aayog that the
'poverty line' is only for 'tracking' the progress in poverty reduction and not to link it with poverty elimination programmes which require identification of the poor.
"There have been debates on poverty line issues before in 2012 and 2013. We had taken a position of the statement paper based on the task force report that poverty line was not to be
used for the identification of the poor. There are different criteria. States often use their own criteria," he said. NITI Aayog will hold regional meetings in the next few days
beginning on April 22 in Jaipur, he said. On inflation, Panagariya said good monsoon may bring food inflation down, but "we should wait and see as it is a preliminary call by the
MET". Some of the schemes being implemented by states like Tamil Nadu, Andhra Pradesh and Telangana were appreciated at the meeting, he said. "This was NITI Aayog's first
regional consultation on its report on poverty elimination. A taskforce has been constituted in NITI Ayog's first meeting on poverty elimination. And parallel taskforces have been
constituted in the states," he said. The discussion was mainly focused on measurement of poverty, identification of beneficiary households, strategies for employment-intensive
sustainable rapid growth of economy and ways to make anti-poverty programmes more effective and innovative poverty eradication programmes of the states or union territories, the NITI Aayog
chief said.