Barring PowerGrid, total investments by power PSUs to rise 19% to Rs 60,000 cr in FY22
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Barring PowerGrid, total investments by power PSUs to rise 19% to Rs 60,000 cr in FY22PTI
Last Updated: Feb 01, 2021, 06:43 PM IST
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REC Ltd witnessed highest increase of over 69 per cent in investment to Rs 9,300 crore crore, against Rs 5,500 crore budget estimates for 2020-21. This investment figure was not revised, according to the Budget document presented in Parliament on Monday.
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New Delhi: The government has increased total investments by eight state-owned power companies, including REC Ltd, by over 19 per cent to Rs 59,990.52 crore for 2021-22. This compares to revised estimate of Rs 50,311.03 crore for the current financial year.
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Amid differences between FinMin and Dipam over target, stage set for big bang divestment
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Dipam, the government s disinvestment manager, believes that it was responsible only to achieve a target of Rs 1.2 lakh crore and blames Covid for the shortfall. This is not the first time that Dipam is accusing the finance ministry of using it to show higher receipts and consequently a lower fiscal deficit.
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(This story originally appeared in on Dec 31, 2020)NEW DELHI: The massive shortfall in the Rs 2.1-lakh-crore disinvestment target has triggered unease within the government. The department for investment and public asset management (Dipam) is blaming the department of financial services for imposing an additional Rs 90,000-crore target through the sale of the Centre s stakes in LIC and IDBI Bank, which may not realise this year.
Amid spat over target, stage set for big bang divestment
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This story is from December 31, 2020
Amid spat over target, stage set for big bang divestment
Surojit Gupta & Sidhartha / TNN / Updated: Dec 31, 2020, 11:16 IST
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(Representative image)
NEW DELHI: The massive shortfall in the Rs 2.1-lakh-crore disinvestment target has triggered unease within the government. The department for investment and public asset management (Dipam) is blaming the department of financial services for imposing an additional Rs 90,000-crore target through the sale of the Centre s stakes in LIC and IDBI Bank, which may not realise this year.
Dipam, the government s disinvestment manager, believes that it was responsible only to achieve a target of Rs 1.2 lakh crore and blames Covid for the shortfall. This is not the first time that Dipam is accusing the finance ministry of using it to show higher receipts and consequently a lower fiscal deficit.
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