Authorities earned Rs 16,500 crore by promoting stake in PSU, know which firms have been offered – India TV Hindi

The Indian authorities has earned about Rs 16,500 crore ($1.98 billion) by promoting partial stake in a complete of 10 PSU firms within the monetary 12 months 2023-24. This info has come out from official knowledge. Nonetheless, this determine is 9 % lower than the federal government’s inner stake sale determine of Rs 18,000 crore.

Information company Reuters reported that the primary part of common elections 2024 in India goes to begin from April 19. Due to this, the central authorities has put its personalization goal on maintain in the interim.

Through which firms did you promote stake?

Within the final monetary 12 months, the federal government didn’t disinvest any large authorities firm. Relatively, many small transactions have been achieved. This included OFS and many others. and cash has been raised by the federal government by promoting stake in firms like Coal India, Rail Vikas Nigam Restricted, SVJN, HUDCO, IRFC, IREDA and IRCON Worldwide and NLC India.

Allow us to let you know, that is the fourth consecutive time. When the federal government has not been capable of meet its disinvestment goal. Within the final decade of rule, the Modi authorities has been capable of meet its disinvestment goal solely twice. The final time the federal government achieved the disinvestment goal was in 2019. It was informed within the report that because of this the federal government has not set any goal for disinvestment for the present monetary 12 months.

mill dividend of 63000 crores

Authorities firms had registered document income within the final monetary 12 months. The federal government has bought the good thing about this within the type of revenue. In keeping with authorities knowledge, the federal government has acquired a document dividend of Rs 63,000 crore from PSUs within the monetary 12 months 2023-24.

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