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.

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