Government Exceeds Disinvestment Target In 2018-19: Arun Jaitley

INSUBCONTINENT EXCLUSIVE:
disinvestment target for the current fiscal by Rs 5,000 crore, taking the total proceeds to Rs 85,000 crore, Finance Minister Arun Jaitley
said Friday
This is the second highest disinvestment proceeds in a financial year after the government last fiscal mopped up a little over Rs 1 lakh
current fiscal year, the government is eyeing Rs 14,500 crore by way of sell of its 52.63 per cent stake in REC to state-owned Power Finance
Corporation (PFC)
Besides, the fifth tranche of the CPSE ETF, which ended on Friday, has garnered Rs 10,000 crore to the exchequer
Jaitley said, "As against a target of Rs 80,000 crore for disinvestment for the current year, the divestment receipts have touched Rs 85,000
Rs 56,500 crore
In 2015-16, it had raised Rs 23,997 crore, as against the budget target of Rs 69,500 crore
has been fixed at Rs 90,000 crore
In a tweet, Secretary DIPAM said, "For the second year in a row, DIPAM (Department of Investment and Public Asset Management) has exceeded
the Revised Estimates
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