<p>Government will move ahead with the listing of Railway PSUs -- IRCTC, IRCON and IRFC -- and come out with a procedure for a time-bound listing of CPSEs.<br /><br /></p>.<p>In his Budget speech today, Finance Minister Arun Jaitley said the government will look at consolidation option for PSUs and a new CPSE Exchange Traded Fund (ETF) in 2017-18.<br /><br />"We will come out with procedure for a time-bound listing of CPSEs. IRTC, IRFC, IRCON to be listed. For CPSEs we will seek opportunities through consolidation," Jaitley said.<br /><br />Listing of PSUs will ensure economies of scale, investment and decision of PSUs and create value for stock, he said.<br /><br />Jaitley said the government will continue to use the ETF route for disinvestment of PSUs.<br /><br />New ETF comprising stocks of 10 PSUs will be launched in 2017-18, Jaitley said. <br /><br /> </p>
<p>Government will move ahead with the listing of Railway PSUs -- IRCTC, IRCON and IRFC -- and come out with a procedure for a time-bound listing of CPSEs.<br /><br /></p>.<p>In his Budget speech today, Finance Minister Arun Jaitley said the government will look at consolidation option for PSUs and a new CPSE Exchange Traded Fund (ETF) in 2017-18.<br /><br />"We will come out with procedure for a time-bound listing of CPSEs. IRTC, IRFC, IRCON to be listed. For CPSEs we will seek opportunities through consolidation," Jaitley said.<br /><br />Listing of PSUs will ensure economies of scale, investment and decision of PSUs and create value for stock, he said.<br /><br />Jaitley said the government will continue to use the ETF route for disinvestment of PSUs.<br /><br />New ETF comprising stocks of 10 PSUs will be launched in 2017-18, Jaitley said. <br /><br /> </p>