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Disinvestment Target: Can the government break the jinx?

In the past, the government has missed targets set for prior financial years, the most recent being the Rs 1.75 lakh crore target for FY22, which was revised downwards to Rs 78,000 crore in the revised estimates. The actual proceeds for FY22 were at a meagre Rs 14,638 crore, primarily owing to the disruptions caused by the Covid-19 pandemic.

India , Hindustan , India-general- , Vizag , Andhra-pradesh , Bharat , Corporation-of-india , Indian-renewable-energy-development-agency , Container-corporation-of-india , National-fertilizers , Department-of-investment

LIC IPO proceeds account for over half of disinvestment achieved so far in FY23

DIPAM's data revealed that so far in FY23, CPSEs disinvestment is to the tune of ₹31,106.64 crore --- which would be 47.85% of the budgeted estimates of ₹65,000 crore for FY23..Of the total disinvestment receipts achieved so far in FY23, strategic sale in LIC via IPO accounted for nearly 66%.

India , Paradeep , Orissa , Nirmala-sitharaman , Axis-bank , Corporation-of-india , Union-election , Union-budget , Yes-bank , Axis-securities , Shipping-corporation , Minister-nirmala-sitharaman

Disinvestment Not For Shutting Down Public Sector Entities: Finance Minister

Finance Minister Nirmala Sitharaman said Government's disinvestment programme is not for shutting down any company but to make it more efficient

Nagarnar , Chhattisgarh , India , Bengaluru , Karnataka , Vizag , Andhra-pradesh , Nirmala-sitharaman , Azadi-ka-amrit-mahotsav , Department-of-investment , Air-india , Finance-minister

LIC, India's Biggest-Ever IPO, To Open Mid-March: What We Know So Far

Woefully short of its disinvestment target for the current fiscal (2021-22), which is a humungous Rs 1.75 lakh crore, government is keen to push the countrys biggest ever public offering of Life Insurance Corporation of India (LIC), through which it is looking to raise anything between Rs 50,000 crore to Rs 90,000 crore, as per the initial public offer (IPO) size.

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