New Delhi: The government expects to raise Rs 1-lakh crore from divestment proceeds given it has already exceeded its target of Rs 72,500 crore in this fiscal. Finance Minister Arun Jaitley, however, pegged the target at a more modest Rs 80,000 crore through divestment in FY 18-19.
Some of the big line-ups for next fiscal include strategic sale of Air India.
According to experts the government will be able to achieve this target given it already has approvals for a list of companies for public offerings both through initial and follow on public offers (FPO).
"The government has to plan aggressively and start from the beginning of the next fiscal. The divestment road map could get derailed because of the elections next year," said Jagannadham Thunuguntla, an independent expert.
The government has further decided to merge its insurance companies into a single entity and list them on the stock exchange.
Most of the companies on the divestment list were identified by Niti Aayog and the cabinet committee on economic affairs (CCEA) has already given its approval for strategic sales in 23 of them. They include Dredging Corp. of India, Pawan Hans, HLL Life Care, Central Electronics Ltd and Scooters India among others.
01/02/18 Dheeraj Tiwari/Economicn Times
To Read the News in full at Source, Click the Headline
Some of the big line-ups for next fiscal include strategic sale of Air India.
According to experts the government will be able to achieve this target given it already has approvals for a list of companies for public offerings both through initial and follow on public offers (FPO).
"The government has to plan aggressively and start from the beginning of the next fiscal. The divestment road map could get derailed because of the elections next year," said Jagannadham Thunuguntla, an independent expert.
The government has further decided to merge its insurance companies into a single entity and list them on the stock exchange.
Most of the companies on the divestment list were identified by Niti Aayog and the cabinet committee on economic affairs (CCEA) has already given its approval for strategic sales in 23 of them. They include Dredging Corp. of India, Pawan Hans, HLL Life Care, Central Electronics Ltd and Scooters India among others.
01/02/18 Dheeraj Tiwari/Economicn Times
0 comments:
Post a Comment