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NEW DELHI: The federal government might have gotten the much-delayed Air India privatisation out of the way in which, however up to now this yr it has managed to mop up Rs 9,330 crore from disinvestment, which is simply over 5% of the Rs 1.75-lakh-crore goal for the yr.
And, with round 9 weeks for the tip of the monetary yr, the federal government could also be means in need of the goal, with the preliminary public provide by Life Insurance coverage Company anticipated to slim the hole considerably.
“LIC disinvestment quantity can be included on this yr’s (Finances) as a result of we goal to listing it earlier than March 31,” division of funding and public asset administration (Dipam) secretary Tuhin Kanta Pandey advised a information company. The goal included a mop-up of Rs 1 lakh crore from banks and monetary establishments and Rs 75,000 crore from different PSUs.
Though the yr had began on a constructive notice with the Centre hoping to clinch a number of of the strategic gross sales within the pipeline — from oil retailer BPCL to Transport Company and Concor — none of them have materialised. Equally, the financial institution privatisation train, together with IDBI Financial institution, are nonetheless on the drafting board. Aside from Air India, up to now, the federal government has solely managed to finalise the sale of Central Electronics, which is able to fetch it Rs 260 crore.
And, with round 9 weeks for the tip of the monetary yr, the federal government could also be means in need of the goal, with the preliminary public provide by Life Insurance coverage Company anticipated to slim the hole considerably.
“LIC disinvestment quantity can be included on this yr’s (Finances) as a result of we goal to listing it earlier than March 31,” division of funding and public asset administration (Dipam) secretary Tuhin Kanta Pandey advised a information company. The goal included a mop-up of Rs 1 lakh crore from banks and monetary establishments and Rs 75,000 crore from different PSUs.
Though the yr had began on a constructive notice with the Centre hoping to clinch a number of of the strategic gross sales within the pipeline — from oil retailer BPCL to Transport Company and Concor — none of them have materialised. Equally, the financial institution privatisation train, together with IDBI Financial institution, are nonetheless on the drafting board. Aside from Air India, up to now, the federal government has solely managed to finalise the sale of Central Electronics, which is able to fetch it Rs 260 crore.
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