PSUs

Govt feels BPCL to garner bulk of proceeds for Rs 1.05 tn disinvestment targets

By Indian Mandarins- 07 Dec 2019
126

govt-feels-bpcl-to-garner-bulk-of-proceeds-for-rs-1.05-tn-disinvestment-targets

The government trying to meet the target of Rs 1.05 trillion by disinvestment to infuse liquidity into the market to perk it up is confident of achieving it in 2019-20 financial year even without the Air India sale this year.

It is learnt from the top government sources that the central government is open to the idea of deferring Air India’s stake sale for the next financial year due to some issues within the government career. However, the disinvestment of Bharat Petroleum Corporation (BPCL) is likely to be completed before March 31, 2020 and it will form the bulk of the proceeds.

There are certain complexities involving the Air India privatisation proposal, including the increasing debt that the aviation company, so its disinvestment will go for next financial year.

Previous Article CBI registers case against a sitting and a retired HC judge in corruption case
Next Article Fiscal deficit can touch 3.6-3.7% of GDP breaching budgeted figure
free stat counter

Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.

Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.