Govt. to go for major disinvestments in next three months: Jaitley

The government will go for major disinvestments in the next three months said Finance Minister Arun Jaitley at an award function in Mumbai on Friday evening.

Jaitley promised a period of great activity as far as disinvestment is concerned, adding that it would the government's endeavour to achieve a fiscal deficit target of 4.1 per cent in the current year.

In fiscal 2014-15, the government has sold a five per cent stake in steel major SAIL and raked in 1,700 crore rupees. Blue-chip companies like ONGC, NHPC and Coal India are now lined up for disinvestment.

Commenting on the government's decision to take the ordinance route to activate key policies, Jaitley said bills for them would be introduced during the Budget Session of Parliament, and expressed the hope that some of them would be cleared by Parliament. He also said that the government would call for a joint session to get the pending legislations approved in the event of the opposition stalling them in the Rajya Sabha.