For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates

ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 cr

In the backdrop of expected tax revenue shortfall due to the goods and services tax (GST) implementation and a possible spending stimulus to revive a flagging economy and create jobs, Finance Minister Arun Jaitley will depend on revenue heads like disinvestment to adhere to the fiscal deficit target for 2017-18. 

And, for the first time since 2009-10, it appears stake sale proceeds could exceed the budgeted estimate of Rs 72,500 crore, the highest-ever for any financial year to date. For April-September, the first six months, the Centre has got Rs 19,759 crore. On tap now is state-owned energy behemoth Oil