Disinvestment receipts exceed Rs 1 lakh cr in current fiscal says finance minister Arun Jaitley

The government had set a revised target of Rs 1 lakh crore from PSU disinvestment, which was higher than the budget estimate of Rs 72,500 crore

PTI March 29, 2018 14:29:31 IST
Disinvestment receipts exceed Rs 1 lakh cr in current fiscal says finance minister Arun Jaitley

New Delhi: Finance Minister Arun Jaitley on Wednesday said the government has collected over Rs 1 lakh crore through PSU disinvestment in the current fiscal, higher than Rs 46,250 crore mopped up in the previous financial year.

Disinvestment receipts exceed Rs 1 lakh cr in current fiscal says finance minister Arun Jaitley

Disinvestment receipts exceed Rs 1 lakh cr in current fiscal says finance minister Arun Jaitley. PTI image.

"GoI's comprehensive approach to investment management leading to 7 IPOs, strategic mergers & acquisitions, investor friendly Bharat 22 ETF, minority stake sale is a testimony of transparent, effective, and accountable governance under leadership of PM Shri @narendramodi ji," Jaitley tweeted.

In the Budget, the government had set a revised target of Rs 1 lakh crore from PSU disinvestment, which was higher than the budget estimate of Rs 72,500 crore.

So far, the Department of Investment and Public Asset Management (DIPAM) has raised Rs 1,00,056 crore through disinvestment.

"The disinvestment receipts for finance year 2017-18 exceeds Rs 1 lakh crore which is higher than the figure of last year at Rs 46,250 crore," Jaitley added.

Updated Date:

also read

Uttar Pradesh: MLAs banned from taking selfies inside Assembly premises
Politics

Uttar Pradesh: MLAs banned from taking selfies inside Assembly premises

The Speaker specified that the mobile phones of MLAs will be confiscated for taking selfies and carrying out photo sessions

Philips TAA4216BK Wireless Sports Headphones Review: Truly gym-proof with solid battery backup
News & Analysis

Philips TAA4216BK Wireless Sports Headphones Review: Truly gym-proof with solid battery backup

One of the rare on-the-ear sports headphones with IP55 sweat protection in this budget.

Yogi Adityanath-led Uttar Pradesh government presents over Rs 6.15 lakh crore budget for financial year 2022-23
India

Yogi Adityanath-led Uttar Pradesh government presents over Rs 6.15 lakh crore budget for financial year 2022-23

The Uttar Pradesh budget was announced in the state Assembly by Finance Minister Suresh Kumar Khanna. It also has a provision of Rs 39,181.10 crore for the new schemes