FY18 disinvestment receipts exceed Rs 1 lakh cr: Finance Minister Arun Jaitley

By: |
New Delhi | March 28, 2018 10:34 PM

In the Budget, the government had set a revised target of Rs 1 lakh crore from PSU disinvestment, which was higher than the budget estimate of Rs 72,500 crore.

FY18 disinvestment receipt, PSU disinvestment, IPO, Arun JaitleyFinance Minister Arun Jaitley today said the government has collected over Rs 1 lakh crore through PSU disinvestment in the current fiscal, higher than Rs 46,250 crore mopped up in the previous financial year. (PTI)

Finance Minister Arun Jaitley today said the government has collected over Rs 1 lakh crore through PSU disinvestment in the current fiscal, higher than Rs 46,250 crore mopped up in the previous financial year. “GoI’s comprehensive approach to investment management leading to 7 IPOs, strategic mergers & acquisitions, investor friendly Bharat 22 ETF, minority stake sale is a testimony of transparent, effective, and accountable governance under leadership of PM Shri @narendramodi ji,” Jaitley tweeted.

In the Budget, the government had set a revised target of Rs 1 lakh crore from PSU disinvestment, which was higher than the budget estimate of Rs 72,500 crore. So far, the Department of Investment and Public Asset Management (DIPAM) has raised Rs 1,00,056 crore through disinvestment. “The disinvestment receipts for finance year 2017-18 exceeds Rs 1 lakh crore which is higher than the figure of last year at Rs 46,250 crore,” Jaitley added.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1RBI may not cut repo rate again in upcoming monetary policy meeting; these 5 concerns underlie
2Adani debunks GDP rhetoric, says India will be second largest economy by 2050
3RBI postpones September’s Monetary Policy Committee meeting; revised date to be announced shortly