The government has put out a new policy on central public sector enterprises (CPSEs). It says that closure would happen within seven months of approval from the cabinet or the cabinet committee on economic affairs.

       This applies to public sector companies in the non-strategic sector. Strategic sectors include segments like atomic energy and defence. “Only a bare minimum presence of CPSEs in the aforesaid Strategic Sector is to be maintained,” said the note dated December 13. There has been an increasing number of public sector companies under closure or liquidation, ...