GoI raises record amount via disinvestment
Q. What is the record amount GoI has raised through disinvestment?- Published on 03 Apr 17a. INR 46,237 crore
b. INR 46,247 crore
c. INR 46, 457 crore
d. None of the above
ANSWER: INR 46,247 crore
The government has raised a record INR 46,247 crore through disinvestment, of which INR 10,779 crore has come from strategic disinvestment and SUUTI's investment.
With this, the disinvestment proceeds of 2016-17 has exceeded the revised estimates (RE) of Rs 45,500 crore set in 2017-18 Budget.
Record achievement of INR 46,247 crore include INR 35,468 crore from CPSE disinvestment and INR 10,779 crore from strategic disinvestment and SUUTI's investment.
The Budget for 2016-17 had set a target of INR 56,500 crore from PSU disinvestment.
Of this INR 36,000 crore was to come from disinvestment of CPSEs and INR 20,500 crore from strategic stake sale of PSUs.
In the Revised Estimates, this target of INR 56,500 crore was scaled down to INR 45,000 crore.
