Covid-19 Second wave may not derail Modi govt's disinvestment plan

Privatisation and strategic disinvestment drive are seen as key tools in boosting the economy amid the sharp surge in Covid-19 cases

The second wave of the pandemic may not derail the government’s privatisation and strategic disinvestment drive as they are seen as key tools in boosting the economy amid the sharp surge in Covid-19 cases.
 
Sources in the government said there has been no revision so far in the timeline for the process for some of the key stake sales — including BEML, BPCL, Shipping Corporation, and Air India. They are confident of completing the transactions this fiscal (FY22). The government has set a disinvestment target of Rs 1.75 trillion for the current fiscal.
 
“Privatisation and asset monetisation both