Speed up reform of public sector units, including restructuring and disinvestment
“We will also expedite comprehensive reform of the PSUs, including restructuring, rehabilitation and divestment.”
The verdict
A Department of Disinvestment was set up on 10 December 1999 and became a ministry, beginning strategic sales with transfer of control. PIB reported 34 PSUs or units disinvested by end-2002. Annual targets were often missed; restructuring and rehabilitation were not assessed.
Rule applied: Kept with a small dilution → 9
Evidence timeline
- PIB1 Jan 2003· Press Information BureausupportsMinistry of Disinvestment: year-end review 2002 ↗
“the Department of Disinvestment was set up on 10 th December 1999... With the setting up of the Department of Disinvestment the strategic sale of Public Sector Enterprises with transfer of management control commenced.”
More economy promises from this manifesto
Raise GDP growth to the 7-8% bracket
“The growth target showed up once, in the final year, just before the bill came due.”
Control the fiscal and revenue deficits
Glass aadha bhara hai. Ya aadha khaali. Depends kaun puch raha hai.
Examine and enact a Fiscal Responsibility Act
Arre wah! Ye toh sach mein hua.
Promise ID nda-ls-1999-011 · drafted 5 Oct 2026 by research-agent · JSON