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Divestment targets are a thing of the past, says top official

Tuhin Kanta Pandey, secretary in the department of investment and public asset management, said that the government will look at disinvestment and dividend holistically

India Targets $2 2-$2 4 Billion from State Firm Stake Sales

High selloff target can potentially create overhang in the market, says Dipam Secy

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.

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