Uncertainty mars divestment plan: Govt misses target for 2nd time in 3 yrs

Two waves of the pandemic and a market crash on the back of an ongoing war have made “uncertainty” a villain for the Centre’s divestment and privatisation plans.  

The Centre has missed its revised divestment target for the second time in three years even after slashing the target by 55 per cent to Rs 78,000 crore in the Union Budget. The divestment mop-up for FY22 was Rs 13,530, which includes Rs 2,700 crore received by the Centre for the privatisation of Air India. Besides this, an additional Rs 3,000 crore will be realised through the offer for sale of Oil