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Updated Feb 01, 2021 | 20:36 IST
An aggressive disinvestment plan and the monetisation of land and other governmental assets, if effectively executed, will greatly help balance the fiscal equation
Budget shift to asset monetisation for revenues, rather than raising taxes, gets industry thumbs-up 
Mumbai: Reliance on divestments and asset monetisation for resource mobilisation in the Budget was welcomed by industry players on Monday, calling it as the biggest takeaway from the Budget document. Increasing taxes, the traditionally preferred option for revenues, may have been inappropriate given the impact of the coronavirus pandemic, they said.
In the Budget, Finance Minister Nirmala Sitharaman pegged the divestment target at Rs 1.75 lakh crore. She assured that pending stake sales in companies like Air India and LIC of India will be carried out during the next fiscal and also promised to unlock value by monetising assets like highways and ....

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