Rediff.com« Back to articlePrint this article

Govt raises divestment target to Rs 1.05 lakh cr for FY20

July 05, 2019 13:21 IST

Strategic divestment of select public sector undertakings will remain a priority area, she said.

Illustration: Uttam Ghosh/Rediff.com

The government has increased divestment target to over Rs 1 lakh crore for the current financial year, Finance Minister Nirmala Sitharaman said while unveiling the Union Budget 2019-20.

 

In February this year, the government while presenting the Interim Budget 2019-20 had pegged the divestment target at Rs 90,000 crore.

Strategic divestment of select public sector undertakings will remain a priority area, she said.

The government proposed to enhance the divestment target to Rs 1.05 lakh crore for the current financial year, she said.

© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.