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Budget 2024: Govt likely to miss divestment target for the 5th time in FY24

The Government of India is likely to miss its divestment target for the fifth year in a row. In the last Budget, the government had set a divestment target of ₹51,000 crore for FY24 and has garnered around ₹10,000 crore so far, which is just 20 percent of its original target. ....

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Solid Interest For Ferro Scrap Nigam's Sale: Government

Government on Monday said it has received multiple preliminary bids for buying Ferro Scrap Nigam Ltd ....

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Disinvestment Not For Shutting Down Public Sector Entities: Finance Minister

Finance Minister Nirmala Sitharaman said Government's disinvestment programme is not for shutting down any company but to make it more efficient ....

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Vedanta Keen To Bid For Government's Stake In Hindustan Copper

Mining giant Vedanta Group will look to bid for buying government's stake in Hindustan Copper Limited as and when the firm is put up for privatisation ....

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Disinvestment target met thrice since 2014-15, 67% in FY21: Finance Ministry

Disinvestment target met thrice since 2014-15, 67% in FY21: Finance Ministry
Disinvestment receipts exceeded the target during 2016-17, 2017-18 and 2018-19, while falling short in 2014-15 and 2019-20, Minister of State for Finance Anurag Thakur told Lok Sabha
BusinessToday.In | March 15, 2021 | Updated 20:15 IST
Minister of State for Finance Anurag Thakur told Lok Sabha on Monday that the government has exceeded the disinvestment target thrice since 2014-15. While the milestone was missed in two fiscals during this period, coronavirus played spoilsport with government s stake sale efforts during financial year 2020-21.
As on March 9, 2021, Centre has received Rs 21,303 crore from disinvestment, which amounts to 67 per cent of the revised estimate for FY21, Thakur further added. He also mentioned that disinvestment target had to be revised to Rs 32,000 crore from the budget estimate of Rs 2.1 lakh crore. ....

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