Diabytes
India disinvestment target News
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The government has mopped up Rs 9,500 crore from the fifth tranche of CPSE ETF and Rs 14,500 crore from the REC-PFC deal.
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The Finance Ministry is banking on merger and acquisitions among CPSEs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal.
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Global volatility in capital and currency markets has derailed the Rs 69,500-crore PSU stake sale programme for the year, but the government will go ahead with prudent and timely disinvestments, target for which should not be just confined to dates, a top official has said.
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As challenges emerge in meeting the mammoth Rs 69,500-crore disinvestment target for this fiscal, the government on Tuesday put the blame on global commodities slowdown saying many identified PSUs are from this space.
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