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Liquidity crunch: Govt may get Rs 7 lakh cr by exiting for 51 PSUs

By Indian Mandarins- 07 Nov 2019
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With the government struggling for liquidity in the market, the disinvestment proceeds for the government might be in excess of Rs 07 lakh crore if it decides to exit from 51 listed CENTRAL PSUs which are operating in the non-strategic sectors.

Analysts say that there is a huge divestment potential that can help the government generate large sums of revenue for the foreseeable future. These PSUs are in sectors such as oil marketing, steel, railways, shipping, coal mining, and energy.

Many analyses by domestic brokerage companies are showing up such results. This is much higher than the government’s disinvestment target of Rs 1.05 lakh crore for 2019-2020. The government is looking to disinvest some of the PSUs to infuse some money to pep up the market.

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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.