In a move to delegate more autonomy to key central public sector enterprises (CPSEs), the Ministry of Finance (FinMin) has revoked an eight-year-old circular, which required Maharatna, Navratna, and Miniratna CPSEs to take prior permission of NITI Aayog before forming financial joint ventures (JVs) and wholly owned subsidiaries (WoS).
The Department of Public Enterprises (DPE) in a notification said it has been done to make the process easier and less time-consuming.
This story is from the November 12, 2024 edition of Business Standard.
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This story is from the November 12, 2024 edition of Business Standard.
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