Budget 2018: FinMin could raise disinvestment target to Rs 1 trn

Arun Jaitley on Budget 2018

Likelihood of outstripping 2017-18 budgeted estimate of Rs 725 bn seen as key driver; Air India sale to be marquee disinvestment action


BUDGET NEWS     :    Buoyed by way of the fulfillment of this yr’s disinvestment programme, the Finance Ministry ought to set a good better target of Rs 900 billion-1 trillion (Rs 90,000-1,00,000 crore) for 2018-19. this could encompass the sale of Air India, a number of other privatization tasks, mergers, preliminary public services, the centre’s two trade-traded finances, buybacks and gives-for-sale, and even monetization of land belongings.

The budgeted estimate for 2017-18 is Rs 725 billion (Rs seventy two,500 crore), the highest ever for a 12 months up to now. With the purchase of Hindustan Petroleum with the aid of ONGC predicted to be finished soon, that concentrate on can be easily outstripped. As of January 22, divestment proceeds stood at Rs 555 billion (Rs 55,500 crore). ONGC’s acquisition of HPCL’s fifty one in line with cent stake is valued at Rs 369 billion (Rs 36,900 crore). that would take divestment proceeds to Rs 925 billion (Rs 92,500 crore) for 2017-18.

the imminent 2018-19 price range, to be supplied via Finance Minister Arun Jaitley, whilst no longer predicted to be outright populist, will nevertheless contain sops and spot an increase in allocation across schemes and public expenditure. he'll require resources, and disinvestment is expected to be a primary one.
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BUDGET NEWS 2018

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