Manju
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10 hours ago
The Indian government has achieved significant success in disinvestment, collecting 18,000 crore rupees in the first two months of the current financial year. This amount exceeds the total collection of the previous fiscal year. Major contributions came from stake sales in Coal India, NHPC, and Central Bank (12,165 crore) along with 6,300 crore from asset monetization. The government has met 23.16% of its 80,000 crore annual target. This revenue is crucial for balancing subsidies on fuel and fertilizers. The government has shifted its strategy to sell minor stakes in public sector enterprises instead of complete sales of sick units. https://sambad.in/india-and-beyond/capital-withdrawal-success-two-month-collection-exceeds-last-year-total-12014041 #creator program