BUDGET 2018 - Buoyed with the aid of the success of this 12 months’s disinvestment programme, the Finance Ministry ought to set a fair better target of Rs 900 billion-1 trillion (Rs ninety,000-1,00,000 crore) for 2018-19. this may encompass the sale of Air India, a number of different privatization projects, mergers, initial public offerings, the centre’s two exchange-traded price range, buybacks and offers-for-sale, or even monetization of land belongings.
The budgeted estimate for 2017-18 is Rs 725 billion (Rs 72,500 crore), the very best ever for a year thus far. With the purchase of Hindustan Petroleum through ONGC predicted to be completed soon, that target could be easily outstripped. As of January 22, divestment proceeds stood at Rs 555 billion (Rs 55,500 crore). ONGC’s acquisition of HPCL’s fifty one in keeping with cent stake is valued at Rs 369 billion (Rs 36,900 crore). that could take divestment proceeds to Rs 925 billion (Rs ninety two,500 crore) for 2017-18.
the approaching 2018-19 budget, to be supplied by using Finance Minister Arun Jaitley, while no longer anticipated to be outright populist, will nonetheless comprise sops and spot an increase in allocation across schemes and public expenditure. he'll require resources, and disinvestment is anticipated to be a chief one.
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