Live
- Viveka’s wife questions Jagan’s move to field Avinash
- New Delhi: 88 seats in 13 states go for polling today
- YSRCP misrule will end soon in AP, says Piyush
- Hyderabad: People have no sympathy for KCR, says Revanth Reddy
- Why has BJP failed to end paper leaks in UP?
- Sonia, Rahul, Priyanka among 40 star campaigners for Congress in AP
- Ajitha gets huge welcome from people in campaign
- PM: Rajiv abolished inheritance law
- AAP brings arrest of Kejriwal into campaign song
- YSRCP Assembly nominees told to prevent cross voting
Centre short Rs 87k crore from disinvestment target: DIPAM
With two months to end the FY20, fiscal disinvestment proceeds have touched Rs 18,094.59 crore till January 9, a meagre 17.23 per cent of the target and if this state of affairs remain till March 31, then government would miss the target by a whopping Rs 87,000 crore which is now near impossible to achieve. The target for fiscal 20 is Rs 1.05 lakh crore.
New Delhi: With two months to end the FY20, fiscal disinvestment proceeds have touched Rs 18,094.59 crore till January 9, a meagre 17.23 per cent of the target and if this state of affairs remain till March 31, then government would miss the target by a whopping Rs 87,000 crore which is now near impossible to achieve. The target for fiscal 20 is Rs 1.05 lakh crore.
Updated figures from DIPAM or the sell-off Ministry shows the sell-off proceeds have touched Rs 18,094.39 crore with the latest addition of RITES Offer For Sale here government shed 10 per cent stake fetching Rs 730.33 crore.
The other disinvestments in FY20 so far have been -- Bharat 22 ETF FFO 2 (Further Funds Offer) at Rs 4,368.80 crore and IRCTC listing fetching Rs 637.97 crore.
The CPSE ETF FFO-5 has mopped up Rs 10,000 crore and Rail Vikash Nigam Ltd's IPO received Rs 475.89 crore. In the beginning of the year, Enemy Shares sale had received Rs 1,881.21 crore.
DIPAM will be issuing Expression of Interest for Air India in the current fiscal which rules out technically any possibility of the ailing PSU carrier's privatisation this fiscal and the same goes for BPCL strategic sale where such possibilities don't exist.
In November, the Cabinet gave in-principle approval for disinvesting stake in five blue-chip PSUs, including state-owned Bharat Petroleum Corporation Ltd (BPCL) where a strategic divestment of the government's 53.29 per cent stake in BPCL, along with transfer of certain management control.
This is excluding BPCL's equity share holding of 61 per cent stake in Numaligarh Refinery.
