Delhi: In this year’s budget (Union Budget 2023), the government has reduced the target of the amount received by selling unnecessary government institutions. At the same time, the government has set a target price of Rs 51,000 crore for the next year 2023 by selling unnecessary government institutions. Which is less than last year’s budget. The government has set a target of Rs 50,000 crore for this year. Earlier this target was Rs 65,000 crore. Lowering the target shows that investors are less interested in the process of the government.
Earlier also the government reduced the target
This is not the first time that the government has reduced its disinvestment target. Earlier, the Government of India had set a target of raising Rs 1.75 lakh crore in the year 2022 by selling unnecessary government institutions. Which later had to be reduced to Rs 78,000 crore. But after the end of the year, the government could raise only Rs 13,627 crore.
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What can the government sell this year?
The government can reduce its stake in IDBI Bank, Shipping Corporation of India, BEML and Container Corporation of India. In the last budget speech, the Finance Minister had announced the IPO of LIC. This time such a big announcement has not been made. As of February 1, the government has raised Rs 31,106 crore, according to information provided by the Department of Investment and Public Asset Management. Most of these are from LIC. The government has benefited Rs 20,516 crore from the IPO of this company.
