New Delhi, Dec. 2: The government today ruled out the formulation of a “new model” for strategic sale of profit-making public sector undertakings (PSUs).

There is also no proposal to set up a new disinvestment commission to oversee the offloading of government equity in PSUs. The previous commission was wound up in October 2004.

“No such proposal is under consideration of the government at present,” S.S. Palanimanickam, minister of state for finance, informed the Lok Sabha on being asked if a fresh model of strategic sale of PSUs was being examined.

The proceeds from the sales would go to the national investment fund, he added.