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Disinvestment: Govt pins hopes on PSU stake sales

Sets target of Rs 72,500 crore even as FY17 targets are missed

Disinvestment
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Disinvestment

Indivjal Dhasmana
The government is banking on the highest-ever receipts of Rs 72,500 crore from disinvestment in public sector units (PSUs) to finance social and infrastructure spending and rein in the fiscal deficit at 3.2 per cent of GDP in 2017-18.
 
All options are being explored to meet the disinvestment target: minority stake sales, strategic sales and listing of general insurance companies.
 
Later, Finance Minister Arun Jaitley said, the government will put out a mechanism to list all public sector enterprises in a time-bound manner and launch another exchange traded fund with diversified PSUs to achieve the target.
 
How