17 - Sep - 2020

Narendra Modi government's aggressive disinvestment agenda.

Moving aggressively ahead, to implement it’s agenda of disinvestment / privatisation of the Public Sector Undertakings, the Central Government has decided to raise Rs.30,000 crore, through disinvestment of the shares of Hindustan Petroleum Corporation (HPCL). With this the disinvestment target of the government for the current year is expected to reach Rs.90,000 crore. Last year, the government realised Rs.46,000 crore through disinvestments. Media reports say that the government may fix a target to get Rs.1 lakh crore through disinvestments in the next financial year. It may also be noted that the government is going ahead with the sale of Air India, despite objections raised by the Parliamentary Standing Committee on Transport.