Centre monetises ₹1.56 lakh cr assets in FY24 against target of ₹1.8 lakh cr
This achievement represents a 159% increase compared to the accomplishment in 2021-22.
This achievement represents a 159% increase compared to the accomplishment in 2021-22.
This will enable PSEs to monetise their investment at an opportune time or close their loss-making and inefficient subsidiary, unit or JV at the right time.
There is no economic logic or evidence to prove that PSUs are bad and private monopolies are good for creating more wealth, making growth inclusive or pushing growth higher.
Public sector companies, in many ways, are the true jewels of the 500 list, and prove to be the best bets for those who want to earn steady returns on investments in the form of equity dividends.
The easiest way to meet or even exceed the disinvestment target is for the government to reduce its stake to 49% in various central public sector units.
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.
Even as a proposed amendment threatens the country’s monuments and there is a dire need of funds to upkeep them, a bunch of private firms have taken to funding them as their corporate social responsibility.
Despite setting a steep target of Rs 72,500 crore for the current fiscal, an SBI report says that the government may be on track to achieve it. That will help in keeping the deficit down.