Public Sector Restructuring and Privatization

Highlights

*Financial and business restructuring of SAIL and HMT has been approved

Proposals

* 8 non-stable PSU units to be wound up

* Divestment target pegged at Rs.120 billion

* 27 PSUs to be divested

For Gujarat Earthquake

* Rs.5 billion - from the contingency funds for National Calamity

* Allocation of Rs.20 billion tax free bonds for housing institutions

* Tax Relief Earthquake Bonds for individuals, NRIs