Meaning of Privatisation It means a transfer of ownership, management, and control of public sector enterprises to the private sector. As the definition of privatization is so very diverse let us take a look at the three main features of privatization. Ownership Measures : The ownership of all public enterprises ultimately shifts to private owners. The denationalization can be complete or partial. Organizational Measures : This is where we limit the control of the state in public companies. Some methods include holding company structuring, leasing. restructuring of the enterprises etc. Operational Measures : Public organizations and companies were running into huge losses. So the efficiency of these companies was to be increased. PUSH OF PRIVATISATION IN ANNUAL BUDGET 2020-21: The government will maintain a bare minimum presence in only four strategic sectors, Finance Minister Nirmala Sitharaman said i...