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Economic Survey 2009-10 which the government presented in parliament on Thursday has called for the revitalising of the divestment policy. This is aimed at the generating of a minimum of Rs.25, 000 crore annually.
According to the survey, all the unlisted public sector enterprises should sell atleast 10% of its equity to the public.
It has also called for the completion of the process of offloading 5% - 10% equity in the previously profit making non-Navratna companies.
Navratnas are profit-making public sector undertakings like the Steel Authority of India Ltd and the Oil and Natural Gas Corp. These organizations enjoy autonomy in decision-making.
"Auction all loss making PSUs that cannot be revived," it added.
