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Disinvestment yield target set at 
40,000 crore
Monday, 28 February 2011, 22:11 IST
New Delhi: The government aims at raising 
40,000 crore from selling its stakes in public sector undertakings during fiscal 2011-12, Finance Minister Pranab Mukherjee said.
"I intend to maintain the momentum on disinvestment in 2011-12 by raising 40,000 crore," Mukherjee said while presenting the budget for 2011-12 in the Lok Sabha.
However, the finance minister said disinvestment would fall substantially short of target in the current financial year.
"As against a target of 40,000 crore, the government will raise about 22,144 crore from disinvestment in 2010-11. A higher than anticipated realisation in non-tax revenues has led us to reschedule some of the divestment issues planned for the current year," he said.
Mukherjee said the government was committed to retaining at least 51 percent ownership and management control of the central public sector undertakings.
Source: IANS
40,000 crore from selling its stakes in public sector undertakings during fiscal 2011-12, Finance Minister Pranab Mukherjee said.
"I intend to maintain the momentum on disinvestment in 2011-12 by raising 40,000 crore," Mukherjee said while presenting the budget for 2011-12 in the Lok Sabha.
However, the finance minister said disinvestment would fall substantially short of target in the current financial year.
"As against a target of 40,000 crore, the government will raise about 22,144 crore from disinvestment in 2010-11. A higher than anticipated realisation in non-tax revenues has led us to reschedule some of the divestment issues planned for the current year," he said.
Mukherjee said the government was committed to retaining at least 51 percent ownership and management control of the central public sector undertakings.
Source: IANS