New Delhi June 6 (IANS) The Union Cabinet on Wednesday approved revised guidelines for time-bound closure of sick and loss-making central public sector enterprises (CPSEs) and disposal of assets with the first priority for utilisation of land under closure for affordable housing.
Briefing the reporters after the Cabinet meeting Law Minister Ravi Shankar Prasad said the revised guidelines would reduce delays in implementation of closure plans of sick or loss making CPSEs.
The new guidelines will replace the guidelines issued by the Department of Public Enterprises in September 2016.
"The guidelines give first priority for utilisation of land of CPSEs under closure for affordable housing to the poor " Prasad said.

--IANS ps/him/vd