Disinvestment receipts to touch Rs 45,000 crore: Jaitley

The government aims to raise Rs 72,500 crore through disinvestment of PSUs, including listing of three railway PSUs — IRCTC, IRFC and IRCON — during 2017-18.

Besides, the government also plans to sell its stake in five PSU general insurance companies which is expected to fetch about Rs 11,000 core.

Fiscal 2016-17 is the seventh year in a row when the government would not be meeting the disinvestment target fixed in the Budget. As much as Rs 56,500 crore was budgeted to be raised through PSU disinvestment in the current fiscal.

From Agencies, Featured image courtesy ndtvimg