LIC లో వాటా అమ్మకంపైనే మోడీ సర్కార్ ఆశలు అన్నీ||Why Modi Government desperate on selling stake in LIC||
The government has trebled the target for disinvestment proceeds from Rs 65,000 crore (revised estimate) in 2019/20 to Rs 210,000 crore in 2020/21. This is a huge jump in the budget estimate for 2020/21 given the government has to revise downward its 2019/20 budget estimate of Rs 105,000 crore to Rs 65,000 crore.
Till December 2019, the government has received only Rs 18,000 crore worth of disinvestment proceeds.
This year's disinvestment target has two components - Rs 120,000 crore from disinvestment receipts and Rs 90,000 crore from disinvestment of PSU banks and financial institutions.
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LIC లో వాటా అమ్మకంపైనే మోడీ సర్కార్ ఆశలు అన్నీ||Why Modi Government desperate on selling stake in LIC|| The government has trebled the target for disinvestment proceeds from Rs 65,000 crore (revised estimate) in 2019/20 to Rs 210,000 crore in 2020/21. This is a huge jump in the budget estimate for 2020/21 given the government has to revise downward its 2019/20 budget estimate of Rs 105,000 crore to Rs 65,000 crore. Till December 2019, the government has received only Rs 18,000 crore worth of disinvestment proceeds. This year's disinvestment target has two components - Rs 120,000 crore from disinvestment receipts and Rs 90,000 crore from disinvestment of PSU banks and financial institutions.