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Showing posts with label 30000. Show all posts
Showing posts with label 30000. Show all posts

Friday, March 16, 2012

Budget 2012: Divestment target lowered to Rs 30,000 crore

New Delhi: 

Finance minister Pranab Mukherjee on Friday said the government plans to raise Rs 30,000 crore from divesting its stake in public sector undertakings (PSUs) in 2012-13 .

The Centre’s divestment plans have been marred by market volatility this fiscal, which is likely to fetch the government Rs 14,000 crore against the target of Rs 40,000 crore in 2011-2012, the FM said in his Budget speech in Parliament on Friday .


Against a Rs 40,000 crore disinvestment target, the government is eyeing Rs 14, 000 crore with the latest being the ONGC share auction. Follow-on issues of Sail, Bhel and Oil India Ltd have been held back due to adverse market conditions.

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