The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.
The Dipam will work under Finance Ministry.
The govt may offload 9.5 per cent stake and bring its holding down to 75 per cent.
Cabinet set to approve broadened framework this week; market route to be pursued as well.
Earlier this year, the government raised around Rs 1,000-crore by selling its stake in Satluj Jal Vidyut Nigam.
Presently, the list that we have of profit-making PSUs for divestment is based on financial numbers from 20007-08.
The government will invite bids by next week from advisors for selling its 8.0 per cent stake in Maruti Udyog Ltd.
In the wake of renewed threats from the unions to stall the proposed public offering of shares, the government is reworking its strategy to go ahead with the divestment of National Aluminium Company.\n\n\n\n
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check
Going by the experience of the previous years -- when the actual proceeds from stake sale were much lower than the targets -- the government's disinvestment target for 2014-15 appears too ambitious.
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
The government will decide in August whether to sell a 5 percent stake in ONGC, a senior oil ministry official said, in a deal that would be worth $2.9 billion at current market prices.
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