Cabinet allows PSU boards to suggest disinvestment, closure of subsidiaries, units - Moneycontrol

As per the Cabinet decision, the Alternative Mechanism will review the process of disinvestment and closure of units undertaken by PSUs.

The Union Cabinet on May 18 approved a proposal to allow the board of directors of public sector undertakings (PSU) to recommend and undertake the disinvestment or closure of their subsidiaries, unit… [+1404 chars]

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