Demand of the questionIntroduction.什么是战略撤资?身体。Need and importance of investment in India.结论。Way forward.

战略撤资是政府的股份超过50%的公共企业销售。作为战略性撤资的一部分,该公司并控制或管理的一部分由政府通过向私人股东。战略撤资导致私营部门参与,因此,使得事业单位更高效和盈利能力。

Need of Disinvestment in India:

1.Fiscal health:政府面临的收入和资本收入出现巨大缺口。非债务资本收入以约卢比财政的目标的17.2%。1.2十万卢比。鉴于此,售股是为了协助政府缩小其扩大财政赤字。撤资将提供税收给政府,从而将改善财政状况。

2.经济增长放缓:印度正在用低于面值税收征管经济增速放缓。截至目前的净税收收入已经只达到卢比的预算估计的36.8%。16.5十万卢比。撤资会通过更多的税收给政府,这可能会在经济进一步和更高效的PSU投资提振经济。

3.低效PSU:Many PSUs are facing loss and are on verge of closure. While government presence may be necessary in strategic sectors such as defence or oil exploration, there is no need in areas like building ships or running container freight operations. Government presence in such non-strategic sectors distorts competitive dynamics for private players. It also results in consumers and taxpayers bearing the brunt of inefficient PSU operations.

4。竞争:战略撤资需要,由于竞争日益激烈的环境中的患病率。政府控制很难让许多事业单位来经营获利。这导致公共资产的价值的快速侵蚀使它关键撤资早期实现高值。

Importance of strategic disinvestment:

1.Reduce fiscal burden:它将减少government's debt and fiscal deficit. Disinvestment would help in saving resources by spending less on PSUs which can be used by the government for welfare purposes.

2.增加社会开支:这将增加政府的重点放在社会福利。因此,这将确保资源在公众手中。撤资的资金可用于长期方面的目标,如:

  • Financing large-scale infrastructure development.
  • 在经济投资,鼓励消费。
  • 投资于健康和教育等社会项目。

3.更优质的产品和服务:It would bring more competition into various sectors, thus improving the quality of services. Consumers will get better products. It will further increase market profitability and hence companies’ profits pushing them to deliver more.

3.Employment:公司将扩大,这将导致更多的就业机会。与私营部门和竞争的参与,将需要更多的人来提高生产和规模。重要的是要提高公共财政和整个经济的效率是很重要的。

4。PSU的效率:Economic potential of entities will be better discovered in the hands of the strategic investors due to various factors like infusion of capital, technology up-gradation and efficient management practices. Further, there will be distribution loss and failure risks of PSUs to the private sector.

5。现代化:这将确保事业单位的现代化随着时代的变迁。战略买家会带来新的管理,技术,以及这些公司的增长更多的投资,并且可以使用创新的方法为他们的发展。

Way forward:

1.透明度:战略性销售过程需要透明的最低底价是不正义的被拍卖掉了宝贵的财富。每个PSU资产的第三方估值和投标人数量最少,之前每个销售走在前面应该是必要的先决条件。

2.建立基础设施:Spending the sums raised from such strategic sales in long-term infrastructure assets can yield returns to the economy. Government can redirect these disinvestment proceeds into Infrastructure projects.

3.Regulation:The government should look into strengthening the regulatory framework that ensures efficient market conditions.

Divestment should not be seen as only a short-term fiscal measure. Instead, it should be part of a long term plan to improve the production of goods and services in India. The regulations should also ensure that the basic necessities of the consumers are met.