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Why the govt should stop assuming any revenue from disinvestment

The government is sitting on a pile of dross which has a veneer of gold and nobody wants the dross while the govt can't sell the gold

T C A Srinivasa-Raghavan

Budget-making time is here. And as for the last two decades this year also the finance ministry will assume some revenue from disinvestment. With a Rs 2.1 trillion disinvestment target and ballooning expenditure, the government must be looking at every asset it holds with an eye to monetise it. The finance minister had said in her Atmanirbhar package that there will be not more than four public sector companies in even strategic sectors. Presumably, banking will be deemed strategic, which means most of the current seven large public sector banks and five smaller ones will have ...