Budget estimate for disinvestment is Rs 72,500 crore

The government has deferred the strategic disinvestment of BEML

GN Bureau | January 3, 2018


#Budget   #Disinvestment   #Parliament  


The budget estimate (BE) for disinvestment during the year 2017-18 is Rs.72,500 crore, parliament was informed.

Union minister Subhash Bhamre said that this comprised Rs.46,500 crore from disinvestment of CPSEs and Rs.15,000 crore from strategic disinvestment and Rs.11,000 crore from listing of insurance companies.

He said that no CPSE-wise target has been fixed. Government has given ‘in-principle’ approval for strategic disinvestment of certain CPSEs.

The government has deferred the strategic disinvestment of BEML in order to undertake further diligence exercise on various aspects as considered necessary.

Comments

 

Other News

AI in education: How to embrace the change (and why)

It is often said that industry is at 4.0 and education is at 2.0. To transform education in line with artificial intelligence (AI), it is imperative to adopt what companies like Google are doing. We must learn to grow along with AI as AI is going to grow. There is a need to evolve the mindsets of educators

Diamonds are Forever: A Saturday story

Saturday Stories By Rashmi Bansal HarperCollins, 176 pages, Rs 250 From the bestselling author of ‘Stay Hu

Oracle Adds AI Capabilities to Oracle Analytics Cloud

Oracle has showcased new AI-powered capabilities within Oracle Analytics Cloud. Leveraging the Oracle Cloud Infrastructure (OCI) Generative AI service, the new capabilities assist analytics self-service users to more quickly and efficiently conduct sophisticated analysis and make better business decisions

Domestic airlines show 38.27% growth in passenger numbers

The domestic aviation industry has witnessed a remarkable surge in passenger traffic during the first eight months of 2023. According to the latest data analysis, the number of passengers carried by domestic airlines from January to August 2023 reached an impressive 1190.62 lakhs, marking a substantial inc

MPs bid adieu to historic parliament building, step into new building

A function was organised in the Central Hall of Parliament on Tuesday to commemorate the rich legacy of the Parliament of India as the Members came together to bid adieu to the historical building before stepping into the New Building of Parliament. Prime Minister Narendra Modi, Lok Sabha sp

Real action, not words alone, needed to achieve UN agenda 2030: civil society

As politicians and policymakers make speeches at the United Nations during a high-level summit next week to assess the lack of progress on the 2030 Agenda and the Sustainable Development Goals (SDGs), people’s leaders representing some of the world’s most marginalised communities have come toge

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter