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    Vikshita Vitthal Gujaran in News

    10-Nov-2022 07:12 AM


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    Govt aims lower after missing high divestment target

    NEW DELHI : The Union government, projected to miss the disinvestment target for the fourth year in a row, may aim to raise a more “realistic" ₹30,000-40,000 crore via stake sales in state-run companies in the year starting 1 April, significantly lower than the current year’s ₹65,000 crore.
    Discussions on the final disinvestment target will shape the course of the preparations for Union Budget 2023. “
    A second official said the disinvestments of HLL Lifecare Ltd and Projects and Development India Ltd are in advanced stages, and the proceeds may come in this fiscal year itself.
    The government may consider offers for the sale of some PSUs in the coming months, said market watchers, in an attempt to meet the shortfall.

    Source - MInt