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Disinvestment receipts in FY18 exceed Rs 1 lakh crore: Jaitley

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.

business Updated: Mar 28, 2018 23:07 IST
Press Trust of India
Press Trust of India
Press Trust of India, New Delhi
Arun Jaitley,Finance Minister,PSU
Finance Minister Arun Jaitley during the budget session, at Parliament House in New Delhi, on Wednesday. (PTI Photo)

Finance Minister Arun Jaitley on Wednesday 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.

First Published: Mar 28, 2018 22:58 IST