Disinvestment receipts in FY18 exceed ₹1 lakh crore: Jaitley

In the Budget, the government had set a revised target of ₹1 lakh crore from PSU disinvestment, which was higher than the budget estimate of ₹72,500 crore.

Updated on: Mar 28, 2018, 23:07:39 IST

Press Trust of India, New Delhi | By Anonymous

Prefer HTon Google

Share via

Copy link

Finance Minister Arun Jaitley on Wednesday said the government has collected over ₹1 lakh crore through PSU disinvestment in the current fiscal, higher than ₹46,250 crore mopped up in the previous financial year.

Finance Minister Arun Jaitley during the budget session, at Parliament House in New Delhi, on Wednesday. (PTI Photo)

“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 ₹1 lakh crore from PSU disinvestment, which was higher than the budget estimate of ₹72,500 crore.

So far, the Department of Investment and Public Asset Management (DIPAM) has raised ₹1,00,056 crore through disinvestment.

“The disinvestment receipts for finance year 2017-18 exceeds ₹1 lakh crore which is higher than the figure of last year at ₹46,250 crore,” Jaitley added.

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.