New Delhi: The government has set a target of Rs 90,000 crore to be mopped up from central public sector enterprises' (CPSE) share sale in financial year 2019-20, higher than Rs 80,000 crore raised this fiscal.
The government, which has already raised around Rs 36,000 crore from disinvestment so far in the current fiscal, expects to raise another Rs 44,000 crore from share sale in state-owned companies in the two months till March 2019.
In the interim Budget 2019-20, Finance Minister Piyush Goyal said the NDA government has pursued the public enterprises' asset management agenda to make these enterprises accountable to the people.
"As many as 57 CPSEs are now listed with total market capitalisation of over Rs 13 lakh crore. The government received over Rs 1 lakh crore from disinvestment proceeds during 2017-18. We are confident of crossing the target of Rs 80,000 crore this year," Goyal said.
Department of Investment and Public Asset Management (DIPAM) secretary Atanu Chakraborty said, historically about 45-55 percent of CPSE share sale happens in the January-March quarter; and share sale plans are in place to meet the Rs 80,000 crore disinvestment target set for current fiscal ending March.
The government had mopped up a record over Rs 1 lakh crore in 2017-18 fiscal. This was higher than Rs 47,743 crore raised in 2016-17, Rs 42,132 crore in 2015-16 and Rs 32,620 crore in 2014-15.
Click here for full coverage of Union Budget 2018
To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day.
To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
Updated Date: Feb 01, 2019 17:43:30 IST