Union Budget 2013: Govt targets Rs 55,814 cr from PSU stake sale in FY14
Quotes
 

 

HomeNewsBudget ImpactExclusiveTaxRail Budget Celeb Speak Eco Survey
 

Union Budget 2013: Govt targets Rs 55,814 cr from PSU stake sale in FY14

Last Updated: Thursday, February 28, 2013, 16:32
 
 Comment 0
 
New Delhi: Finance Minister P Chidambaram has doubled the disinvestment target for next fiscal to Rs 55,814 crore, from Rs 24,000 crore estimated in the current fiscal.

The government had originally set the disinvestment target for current fiscal at Rs 30,000 crore, but as per revised estimates in the Budget for 2013-14, the actual collection was lowered to Rs 24,000 crore.

The department of disinvestment has already identified 20 PSUs for divesting minority stake and has initiated consultation with the administrative ministries and company officials for executing it on time.

Amongst the companies which have been identified for disinvestment next fiscal include Coal India, Indian Oil, Engineers India, PGCIL, NHPC, Neepco and THDCL.

Apart from this, Cabinet approval has already been accorded for disinvestment in Bhel, Neyveli Lignite and Hindustan Aeronautics.

Also the second tranche of Hindustan Copper (HCL) is likely in the April-June quarter of next fiscal.

With one month remaining for the current fiscal to end, four more companies -- SAIL, NALCO, MMTC and Rashtriya Chemical and Fertilisers -- are in the government list for stake sale by March 31, 2013.

The government has already raised Rs 21,504 crore through stake sale in Oil India, NTPC, NMDC and Hindustan Copper so far in the current fiscal.

PTI

First Published: Thursday, February 28, 2013, 16:32

Comments


Post your Comments

Name
Place :
Email :  
Comments :  
 
Other Stories
MSME Sector

P Chidambaram proposed continuing non-tax benefits to these units for three years.

Full Article »

IT-BPO Sector

Clarity on tax issues related to R&D centres in IT soon.

Full Article »

Infrastructure

Big push to infra with Rs 50k cr tax-free bonds, two new ports.

Full Article »

Real Estate Sector

FM raised tax deduction limit by Rs 1 lakh for the first time home buyers.

Full Article »

Auto Sector

Excise duty on SUV will be raised to 30 percent from 27 percent.

Full Article »

More »

Latest Videos
Budget 2013: Tax slab remain unchanged Budget 2013: PM commends Chidambaram's budget Union Budget 2013: Chidambaram's Budget speech
Budget 2013: Tax slab remain unchanged Budget 2013: PM commends Chidambaram's budget Union Budget 2013: Chidambaram's Budget speech
rail budget
Rail Minister announced no hike in passenger fares.
know your fm
P Chidambaram- Man of all seasons.
Opinion Poll
How would you see Budget 2013 as?
Pragmatic
Populist
Non-event
 
 
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved