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In a rare move, the interim budget for FY25 clubbed the government s disinvestment and asset monetisation targets, instead of declaring them separately. The combined realisation is budgeted at Rs 50,000 crore for FY25, against Rs 30,000 crore (revised estimate) in FY24 and Rs 61,000 crore in the BE for this fiscal. Of course, the combined target is still less than 2% of the government s expected non-debt receipts for FY25.
The government plans to complete the strategic sale of SCI in this fiscal. The central government is looking to sell its 63.75% stake in SCI. It is expected to fetch Rs 3,000 crore. “There is no reason that the SCI strategic sale will not happen this year,” the report claimed, quoting this official.
There were two major hitches to the demerger. One related to the waiver of stamp duty by the Maharashtra government and the other to a letter from an SCI employees’ association to SEBI