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

“I wrote ‘Survival at Stake’ to provide food for thought about solutions”

Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of

‘Bon Voyage’ through the Arctic: Exploring new horizons for India

India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be

Demystifying Contemporary Finance Theory and other lessons in investment

Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499

Deepfake: India to prepare four-point action plan

Deepfake has emerged as a serious threat to democracy and social institutions across the world. Propagation of deepfake content via social media platforms has aggravated this challenge. Ministry of Electronics and Information Technology (MeitY) has, from time to time, advised social media in

Mumbai traffic: Let’s use some simple math

Two level of roads not enough, BMC to have triple traffic jams through underground junctions There is no shortage of short-sighted traffic experts who believe that creating more vertical space (either above or below the level) in already overcrowded and congested cities will be cou

Seizures worth Rs. 1,760 crore reported in five poll-bound states

The Election Commission of India’s persistent efforts have led to a significant and exponential increase in seizures in the five poll-going states of Mizoram, Madhya Pradesh, Chhattisgarh, Rajasthan and Telangana. Seizures over Rs 1,760 crore have been reported in these five states since the announce

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