Lok Sabha Question No. 2308 (UNSTARRED), answered on 2021-12-13
Subject: Assets of PSUs
Ministry: FINANCE
Asked by: Balashowry Vallabbhaneni

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION No. 2308

## ANSWERED ON 13.12.2021

## Assets of PSUs

## 2308. SHRI BALASHOWRY VALLABHANENI:

Will the Minister of Finance be pleased to state:

- (a)  the  details  of  vision  of  the  Government  on  Public  Sector  Undertakings  (PSUs)  in  the country;
- (b) whether the Government considers PSUs as assets of the country or liabilities, if so, the details thereof along with the reasons for disinvestment of all PSUs;
- (c) the details of the revenue that PSUs are generating and the details of the money that the Government is putting in the PSUs during each of the last ten years, PSU-wise;
- (d) whether the Government has selected certain PSUs to monetise their infrastructure, social sector and other projects; and
- (e) if so, the details thereof and the reasons therefor?

## ANSWER

## THE MINISTER OF STATE FOR FINANCE (DR. BHAGWAT KISHANRAO KARAD)

(a)&(b): The Government notified in February, 2021 the New Public Sector Enterprise (PSE) Policy. Under New PSE Policy public sector commercial enterprises have been classified as Strategic  and  Non-Strategic  sectors. Following  four  broad  Strategic  Sectors  have  been delineated based on the criteria of national security, energy security, critical  infrastructure, provision of financial services, and availability of important minerals:

- (i) Atomic Energy, Space, and Defense;
- (ii) Transport and Telecommunication;
- (iii) Power, Petroleum, Coal and other minerals; and
- (iv) Banking, Insurance, and Financial Services.

In  Strategic  sectors,  bare  minimum  presence  of  the  existing  public  sector  commercial enterprises  at  Holding  Company  level  will  be  retained  under  Government  control.  The remaining  enterprises  in  a  strategic  sector,  will  be  considered  for  privatisation  or  merger /subsidiarization  with  another  PSE  or  for  closure.  PSEs  in  non-strategic  sectors  shall  be considered  for  privatisation,  where  feasible,  otherwise  such  enterprises  shall  be  considered for closure.

The new policy intends to minimise the presence of Government in the PSEs so as to make  available  newer  investment  opportunities  for  private  sector    and  allow  infusion  of private capital, technology, innovation and best management practices.

(c):  As  per  the  information  available  in  the  Public  Enterprises  Surveys,  the  details  of  total revenue  from  operations  of  CPSEs  for  the  period  from  2011-12  to  2020-21  is  given  in Annexure-I .  The  CPSE-wise  information  on  total  revenue  from  operations  is  available  in Volume II of the Public Enterprises Survey  brought out by Department of Public Enterprises (DPE) every year and available on the  website  of the DPE at www.dpe.gov.in.

The year-wise details of government investment in joint stock/government companies for the period from 2011-12 to 2020-21 is given in Annex-II . PSU wise details are available in Statement no. 11 of Union Government Finance Accounts, on the website of the Office of the Controller General of Accounts (CGA)  at cga.nic.in.

(d) &(e ): Under the National Monetisation Pipeline (NMP), certain core infrastructure assets of selected Public Sector Undertakings (PSUs) under respective central line Ministries/Departments have been identified for monetization over the NMP period from FY 2022-2025.

During  the  period  FY  2022-2025,  under  NMP,  the  PSUs  whose  infrastructure  assets  have been  identified  for  monetization  include  NHAI,  AAI,  PGCIL,  NTPC,  NHPC,  NLC  India. FCI, GAIL, IOCL, HPCL, BSNL, MTNL, BBNL, etc. This has been done so as to unlock value  from  built  infrastructure  for  accelerated  new  infrastructure  creation  and  to  bring efficiencies  in  infrastructure  operation  and  maintenance  for  a  multiplier  impact  on  the economy.

***

Year-wise total revenue from operations of CPSEs (Rs. In Crores)

| Year                  | Total Revenue from Operations   |
|-----------------------|---------------------------------|
| 2011-12               | 18,41,927                       |
| 2012-13               | 19, 45,777                      |
| 2013-14               | 20,61,866                       |
| 2014-15               | 19, 95,902                      |
| 2015-16               | 18,54,667                       |
| 2016-17               | 19,54,616                       |
| 2017-18               | 21,55,948                       |
| 2018-19               | 25,43,370                       |
| 2019-20               | 24,61,712                       |
| 2020-21 (provisional) | 24,25,130                       |

## Details of government investment in Joint Stock /Government Companies  during the last ten years

(Rs.in Crores)

| Year                             |   Investment during the year |
|----------------------------------|------------------------------|
| 2011-12                          |                      16005.4 |
| 2012-13                          |                      16822.4 |
| 2013-14                          |                      16628.8 |
| 2014-15                          |                      22568   |
| 2015-16                          |                      36461.4 |
| 2016-17                          |                      27406.1 |
| 2017-18                          |                      35954   |
| 2018-19                          |                      64012.5 |
| 2019-20                          |                      52984.9 |
| 2020-21 (Provisional &Unaudited) |                      80345.5 |