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Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27
The government is accelerating its disinvestment and asset monetisation drive, achieving 31% of its full-year target in just the first quarter. This rapid pace, with weekly offers for sale, aims to bolster revenues amidst rising subsidy and import costs. Significant funds have already been raised from entities like Coal India and NHPC, with further big-ticket sales planned for LIC and IDBI Bank.
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economictimes.indiatimes.com
India's $2 billion state stake sales buck equity market slowdown
India's government secured a significant $2 billion from stake sales in state-run companies last quarter, a rare positive for the subdued capital market. This substantial…
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theprint.in
Govt fast-tracks disinvestment process to shore up revenues, garners 31 pc of budget aim in Q1 FY27
New Delhi, Jul 2 (PTI) The government has pushed the pedal on its disinvestment and asset monetisation plan in the current fiscal, raising about 31 per cent of its full-year…
