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Centre on course to meet FY23 divestment target

The government has set a disinvestment target of Rs 51,000 crore for fiscal 2023-24 ....

India General , Corporation Of India , Business Today , Hindustan Zinc , Shipping Corporation , Fy23 Divestment Target , Divestment Target ,

Why India is likely to miss its divestment target

Despite its success in the sale of Air India, the government has achieved just five per cent of its divestment target, with only quarter of this fiscal year remaining ....

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Will Centre miss its disinvestment target again?- Business News

Will Centre miss its disinvestment target again?
The disinvestment plan includes sale of assets like BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans and Neelachal Ispat Nigam
Nevin John | May 25, 2021 | Updated 21:25 IST
The government s budgetary proposal to raise Rs 1.75 lakh crore from disinvestments and strategic sales in 2021-22 is not gaining pace because of the chaos around second wave of COVID-19 infections. Since the infection rate is receding in the country, the sale process is expected to restart from September-October, said an industrialist, who is looking to acquire some of the assets. ....

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Asset monetisation, privatisation decisions to help empower Indians: PM Modi

Asset monetisation, privatisation decisions to help empower Indians: PM Modi
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PM Modi said the amount collected from monetisation and divestment will be used for funding development projects
He added about 100 under-utilised or unutilised assets with public sector units (PSUs) will be monetised to create ₹2.5 lakh crore of investment opportunities
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Prime Minister Narendra Modi said on Wednesday that the central government is going ahead with the mantra of monetise and modernise . In a webinar on privatisation, Modi shared a glimpse of Centre s asset monetisation and privatisation plan.
Many public sector enterprises are loss-making and several of them need the support of public money. It burdens the economy, he said. ....

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Over 50 Stocks, Excluding PSU Banks, Can Benefit From The Budget Announcements

Over 50 stocks, excluding PSU banks, can benefit from the Budget announcements
Healthcare, insurance, banking & financials, textile, auto, oil & gas and agriculture among other sectors also seen included in the growth-oriented budget.
Sunil Shankar Matkar
Representative image (PC- MoneyControl.Com)
The Union Budget 2021 presented by the Finance Minister Nirmala Sitharaman is really a big game changer in terms of economic revival in India, especially post the COVID-19 damage, experts feel.
The government has estimated fiscal deficit at 6.8 percent of GDP in FY22 and 9.5 percent in FY21. The Budget increased the capital expenditure by 35 percent for FY22 over FY21 to revive the economy, and largely focussed on infrastructure (including roads, railways, National Infrastructure Pipeline, ports, power etc). ....

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