budget 2023 Government failed again in disinvestment Lowered the goal know the details

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Budget 2023: The government has lowered its divestment target (through government assets) for the current fiscal year. At the same time, for the upcoming fiscal year 2023, the government has set a target price of Rs 51 000 crore through divestment. Which is less than the budget from last time. For the current fiscal year, the government has set a divestment target of Rs 50,000 crore. Whereas before it was 65,000 crores. Lowering the target clearly shows that investors are less interested in the government divestment process.

Previously also the government has lowered the target

It is not the first time that the government reduces the divestment target. Earlier, in fiscal year 2022, the Government of India’s target was to raise Rs 1.75 lakh crore through divestment. Which then had to be reduced to Rs 78,000 crore. But after the end of the fiscal year, the government was only able to raise Rs 13,627 crore.

Also read: What became cheap and what became expensive after the budget

What can the government sell?

The government may reduce its stake in IDBI Bank, Shipping Corporation of India, BEML and Container Corporation of India. In the last budget speech, it was announced by the Ministry of Finance to bring LIC’s IPO. This time there has not been such a big announcement.

In the information provided by the Department of Investment and Public Asset Management, it has been said that as of February 1, the government had raised Rs 31,106 crore through divestment. Most of which is from LIC. The government has benefited with Rs 20,516 crore from the IPO of this company.

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